Verizon Earnings Sink in Q1 2017 – Business Insider

(Business Insider / Reuters) Verizon Communications Inc on Thursday reported quarterly results that missed estimates and said it lost subscribers who pay a monthly bill despite the No. 1 U.S. wireless carrier’s re-launch of unlimited data plans.

Shares of the company fell 2.3 percent to $47.80 in premarket trading.

Net income attributable to Verizon fell to $3.45 billion, or 84 cents per share, in the first quarter ended March 31, from $4.31 billion, or $1.06 per share, a year earlier. Excluding items, earnings per share was 95 cents.

Total operating revenue fell to $29.81 billion from $32.17 billion a year earlier.

Read the full story: Verizon earnings Q1 2017 – Business Insider