Best Phone Arena - News: Verizon matches projected revenue in Q4, but posts a net loss, Verizon cut the estimates for its this fall performance some days past, however currently the official numbers area unit in. the corporate keeps growing, with new customers connexion its wireless and wired networks, revenues area unit up however the corporate still announce a internet loss of $2.15 billion.
The revenues matched analysts' expectations, reaching $33.2 billion, up 6.8% from the fourth quarter of 2013. The revenues for the complete year 2014 have additionally improved since 2013, up 5.4%. Even so, the corporate reportable a loss of $0.54 per share, down from associate earnings per share of $1.76 within the final quarter of the previous year.
The company Drew in one.5 million new 4G LTE connections, tho' a number of those area unit from folks shift off from feature phones and 3G smartphones. 78.6% of phones on Verizon's network were smartphones, up from seventieth the year before. pill growth was sturdy too, with 1.4 million new tablets golf stroke up to the carrier's fourG network.
Revenues from Verizon's wired services travel down one.6% to $9.6 billion, tho' the operational margin improved. The fiber-optic network is enjoying rising revenues (11% up compared to 2013) and Verizon says that fifty nine of its fiber optic customers area unit exploitation the FiOS Quantum, that offers speeds between 50Mbps and 500Mbps.
The carrier is functioning to transfer users connected over the aging copper network to FiOS, upgrading 255 thousand connections in 2014. The new network offers a lot of speed and needs less maintenance than the copper network.
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