Verizon Q3: 457,000 new smartphones, 1.1M new tablets added

Verizon's earnings were flat, but managed to pull in a few new subscribers, as aggressive pushback from Sprint and T-Mobile continues.
Written by Zack Whittaker, Contributor

Verizon's fiscal third earnings were nothing to shout home about, landing in largely flat with analyst expectations.

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. 

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Image: Verizon
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Image: Verizon
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