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  HOME PAGE 28/05/2017 02:15 
20.04.2017 21:13 News >> Verizon Posts Net İncome, Revenue Losses İn Q1

Verizon Posts Net İncome, Revenue Losses İn Q1

Verizon saw its net income and revenue decline in the first quarter, according to the American telecommunications giant's financial results released Thursday.

Net income fell 20 percent to $3.55 billion in the first three months of the year, from $4.43 billion the same time a year ago.

Revenue decreased 7.3 percent to $29.81 billion, from $32.17 billion, during the same period.

The company also lost 307,000 customers in January-March period this year, compared to 640,000 customers it won in the first quarter of last year.

The firm prepares to expand its user base by buying Yahoo. The $4.48 billion deal is expected to be closed in June.

Regarding the proposed agreement, Yahoo filed with the Securities and Exchange Commission on April 10, Verizon said in its financial results. -



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