Verizon Workers Continue To Strike …

    …as well they should since  the company posted a  2nd quarter revenue increase of 2.8 percent to $27.5 billion. Hell, the 1st quarter was very good for Verizon as well, with earnings of $27 billion and they even added 2.2 million iPhone activations.

   The strike, by the Communications Workers of America and the International Brotherhood of Electrical Workers is over the usual suspects;health care, pensions and work rules

 

 2nd Quarter

Consolidated

• 57 cents in diluted earnings per share (EPS), compared with a loss of 42 cents per share and adjusted EPS (non-GAAP) of 51 cents in 2Q 2010.

Wireless

• 6.6 percent year-over-year increase in service revenues in 2Q 2011; data revenues up 22.2 percent; 27.1 percent operating income margin and 45.4 percent Segment EBITDA margin on service revenues (non-GAAP).
• 2.2 million net additions, excluding acquisitions and adjustments, includes 1.3 million retail postpaid net customer additions; 106.3 million total connections, includes 89.7 million retail customers.
• Retail postpaid churn of 0.89 percent, the lowest in three years.

Wireline

• 189,000 FiOS Internet and 184,000 FiOS TV net additions.
• 9.4 percent year-over-year increase in consumer ARPU; FiOS consumer retail revenues represent approximately 57 percent of total consumer revenues.
• 17.8 percent increase in strategic services revenues, representing approximately 48 percent of total global enterprise revenues.

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