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Verizon reports increased earnings for Q2 2015, welcoming 1.1 million new customers

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='http://www.imore.com/verizon-reports-increased-earnings-q2-2015-welcoming-1-million-new-customers' title="Verizon reports increased earnings for Q2 2015, welcoming 1.1 million new customers"><img src='http://www.imore.com/sites/imore.com/files/styles/large_wm_brw/public/field/image/2014/10/Verizon-Store-01_0.jpg?itok=TpN7bIa5' />[/url]</p> <p>Verizon (http://www.imore.com/verizon) has published its earnings report for Q2 2015. The US carrier performed rather well in the second quarter of this year, pulling in $32.2 billion of revenue. The company continues to battle competitors to retain customers, but did manage to see its churn rate drop to just 0.90% – the lowest in three years.</p> <!--break--> <p>As well as revenue of $32 billion, Verizon also reported earnings of $4.23 billion ($1.04 a share), a slight increase from $4.21 billion ($1.01 a share) a year earlier. The company has experienced a 2.4 percent year-over-year increase in total revenues, and managed to add a total of 1.1 million retail postpaid connections during Q2. As touched on above, the churn rate (customers cancelling services) for Verizon in the quarter was 0.90%.</p> <p>It's a stark contrast to T-Mobile (http://www.imore.com/t-mobile-adds-21-million-subscribers-q2-2015), which reported adding a total 2.2 million new subscribers during Q2 with a churn rate of 1.3%. Looking at the published report, Verizon relied heavily on tablet growth to bolster figures this quarter, which totalled 852,000. Verizon expects revenue to grow by 3% through 2015.</p> <p>Source: Verizon (http://www.verizon.com/about/news/verizon-delivers-double-digit-adjusted-earnings-growth-strong-cash-flows-2q-2015)</p> </div></div></div><br clear='all'/>

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Source: Verizon reports increased earnings for Q2 2015, welcoming 1.1 million new customers (http://feedproxy.google.com/~r/TheIphoneBlog/~3/3wS1-TmQhnM/story01.htm)