Larry Dignan (ZDNet) submits: Verizon (VZ) delivered a mixed fourth quarter that fell slightly short of expectations as it preps to launch Apple’s iPhone on its network.
The telecom giant reported fourth quarter net income of $4.65 billion, or 93 cents a share, on revenue of $26.4 billion, down 2.6 percent from a year ago. Those earnings (statement) include 39 cents of a non-operational gain. Excluding the gain, Verizon had earnings of 54 cents a share.
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