21.01.2016 - Verizon Communications has improved financial performance

Verizon Communications today reported an increase in profits in the 4th quarter, driven by growth in sales of smartphones and tablets. Over the last quarter the number of customers at the main part of wireless services has increased by 1.5 million, against 1.99 million in the same period of 2014. As a result, the company received 5.39 billion dollars in profits against 2.23 billion dollars compared to the same period last year. Revenue rose by 3.2% to 34.25 billion. We expect the growth of the company’s shares by 15-20% after the current correction on the stock markets.

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