(Bloomberg) -- Verizon Communications Inc.'s $22.9
billion gamble on a new fiber-optic network may have started to
pay off in the second quarter as new customers and reduced
expenses pared the project's losses.
Net income of the second-largest U.S. phone company
probably rose to $1.69 billion, or 58 cents a share, from $1.61
billion, or 55 cents, a year ago, according to the average of 13
analysts' estimates in a Bloomberg survey. Sales may have
increased 5.1 percent to $23 billion.
Read more at Bloomberg Stocks News
billion gamble on a new fiber-optic network may have started to
pay off in the second quarter as new customers and reduced
expenses pared the project's losses.
Net income of the second-largest U.S. phone company
probably rose to $1.69 billion, or 58 cents a share, from $1.61
billion, or 55 cents, a year ago, according to the average of 13
analysts' estimates in a Bloomberg survey. Sales may have
increased 5.1 percent to $23 billion.
Read more at Bloomberg Stocks News
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