Verizon Q3: 457,000 new smartphones, 1.1M new tablets added
Verizon's fiscal third earnings were nothing to shout home about, landing in largely flat with analyst expectations.
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On Tuesday, the U.S.' largest wireless carrier by subscribers posted earnings of 89 cents a share on revenue of $31.59 billion. Wall Street was looking for 90 cents.
A hit on revenue but a miss on earnings.
Shares in the New York-based cellular giant were down by 0.9 percent in premarket
Verizon's growth numbers were steady, bringing in 1.5 million new customers during the three-month period. During the quarter, Verizon added 457,000 phones and 1.1 million postpaid tablets, drawing in revenue over the course of a customer's contract.
Its turnover rate was the one to watch, suggesting stress from the third- and fourth-largest wireless carriers, Sprint and T-Mobile, which have been aggressively pushing back against the big two carriers, Verizon and AT&T.
iPhone 6 and iPhone 6 Plus was barely mentioned, with Verizon staying mum on sales figures.