Verizon at Home

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Verizon’s earning press release for the 2^nd quarter of 2009 is now on our Investor Relations Web site.   Consumer demand for the company’s wireless, broadband and video products in the second quarter 2009 showed resilience despite the U.S. recession.

Read the full release here.

2Q 2009 HIGHLIGHTS

Consolidated Earnings

·        52 cents in EPS and 63 cents in adjusted EPS (non-GAAP), compared with 2Q 2008 EPS of 66 cents and 67 cents, respectively.

Wireless

·        87.7 million total customers, up 27.7 percent; 85.2 million retail customers, up 27.8 percent; 1.1 million net customer additions, excluding acquisitions and adjustments, all retail.

·        27.7 percent increase in total revenues; industry-leading retail postpaid churn, 1.01 percent; data revenues up 52.6 percent; 28.8 percent operating income margin and 46.3 percent EBITDA margin on service revenues (non-GAAP).

·        Integration of Alltel operations on schedule.

Wireline

·        300,000 net new FiOS TV customers and a record 303,000 net new FiOS Internet customers, for a total of 2.5 million FiOS TV customers and 3.1 million FiOS Internet customers.

·        13.7 percent increase in consumer ARPU.

·        3.0 percent increase in strategic business services revenues.

Message Edited by Eric_Rabe on 08-19-2009 02:55 PM