22.01.2015 17:19 Uhr, Quelle: MacNN

Verizon takes expected hit on quarterly earnings, posts $2.1B loss

Verizon has released its fourth quarter and annual financial report. Total operating revenues in the fourth quarter were $33.2 billion, a 6.8 percent increase compared with the fourth quarter of 2013. Full-year 2014 operating revenues were $127.1 billion, up 5.4 percent or $6.5 billion, compared with full-year 2013. Howeveer, even given the revenue growth, the company posted a $2.1 billion loss for the quarter, cutting its annual profit to $12 billion.

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