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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Verizon posts $1.93 bln loss on pension liabilities, superstorm

Tue, 22nd Jan 2013 11:49

Jan 22 (Reuters) - Verizon Communications Inc posteda $1.93 billion quarterly loss due to pension liabilities andstorm-related charges that offset strength in its wirelessbusiness.

The telephone company reported a loss of $1.48 per share,compared with a loss of 71 cents per share a year earlier, whenit posted a loss of about $212 million.

Revenue rose 4.5 percent to $30.05 billion, compared withWall Street expectations for $29.83 billion, according toThomson Reuters I/B/E/S.

Verizon Wireless, the company's mobile venture with VodafoneGroup Plc, is the biggest U.S. mobile service provider.

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