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Verizon with profit increase in Q3 2011

The U.S. company Verizon Communications announced profit growth in the third quarter to 1.38 billion USD, or 49 cents a share, compared to 659 million USD, or 23 cents a share, for the same period last year. The revenue rose to 27.9 billion USD from 26.5 billion USD in the third quarter of 2010 and almost full coverage of analysts forecast revenue of 27.88 billion USD. If you exclude one-time revenues and expenses not related to the main business of the company, profit reached 56 cents per share. The increase in subscribers, however, remained below the estimates, although the company remains ahead of its competitors in this respect. At Verizon Wireless, a joint venture with Vodafone Group mobile phone subscriber growth is 882 thousand, while analysts expected an average increase of 1.04 million The biggest competitors of AT & T announced yesterday But only half of the achievement of Verizon. The company reaffirmed its forecast and profit growth for 2011 of between 5% and 8% index of 2.08 USD per share for 2010 and revenue growth of between 4% and 8%. The CEO of Verizon Communications Laual McAdam said that the company achieves its objectives despite problems with the network because of the hurricane in late August, which came after a two-week strike by staff.
"We face significant challenges in recent months, achieving results for the moment, which enable us to maintain momentum towards meeting the objectives of profit and revenue for 2011, we expect significant momentum in 2012", he said in a statement the company.