Skip to main content
  1. Tech
  2. Gadgets & Tech
  3. Tech Gear

Verizon reports Q4 profits of $7.9 billion, topping analysts' estimates

See also

On Tuesday, Verizon reported a profit of $7.9 billion in Q4 of 2013, topping analysts' estimates for the largest cell phone provider in the country.

The company reports that its profits amounted to $7.92 billion, or $1.66 per share, compared to a $1.9 billion, or $1.48 per share, loss in Q4 of 2012. The total revenue the company made in Q4 of 2013 amounted to $31.07 billion.

These earnings beat analyst estimates of $31.02 billion revenue and only 65 cents per share earnings for this quarter.

The company also reports that their 4G LTE service is now available to 305 million people in over 500 markets across the country. Verizon also reported a 15.6% increase in revenues from FiOS from Q4 2012 to Q4 2013, while wireless revenue increased by 5.7%.

Also on Tuesday, Verizon confirmed that it will be buying Intel Media, a division of Intel dedicated to internet TV streaming.

Read the press release here.

What do you think about Verizon's continued dominance in the U.S.? Leave your thoughts in the comments section below.

Stay informed about the latest technology news by subscribing at the top of the page.

Like this article? Don’t forget to share!

Facebook: Technology Examiner

Twitter: @thegadgetsguy

Google+: Kevin Lee


Don't Miss

  • Unity
    'Assassin's Creed Unity' preview: Ubisoft comes home to its urban origins
    Games Preview
  • Smart vending machine
    This smart vending machine will recommend drinks for you based on your gender and age
    Tech Buzz
  • Destiny
    The 'Destiny' beta: 7 things we absolutely love about Bungie's new franchise
    Games Feature
  • Wi-Fi
    Find out how to stretch your Wi-Fi signal where it has never gone before
    Tech Tips
  • Far Cry
    'Far Cry 4' exclusive: Animals, avalanches, oxygen, side content and much more
    Games Interview
  • Gamer ghost
    Gamer finds and plays with ghost of deceased father on a classic game