MobileRatty: Verizon reports strong Q4 '07 earnings, champagne importers now short on stock

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Verizon reports strong Q4 '07 earnings, champagne importers now short on stock

2008-01-28 10:14:00 by Joshua Topolsky in Engadget

Filed under: Cellphones, HDTV, Household

Here's hoping you own some Verizon stock, readers. According to the company's Q4 '07 earnings call which took place this morning, the massive telco finished out the year on an up note, with a sizable boost in subscribers, and consequently, profit. The company saw a net income boost of 3.9-percent ($1.07 billion, or $.37 a share) year-over-year, and a rise in revenue at 5.5-percent to $23.84 billion, including a 13.3-percent gain (or about 2 million new customers) in wireless sales. Analysts expectations were right on mark with the company's earnings, at $.62 a share, and the company saw growth in both its aforementioned wireless division, as well as big jumps in FiOS users. That's right kids, the rich do get richer.

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