Verizon Communications Inc (NYSE:VZ) was incorporated in 1983 and specializes in communication services. Based in New York, the company operates in two main segments which are Domestic Wireless and Wireline. The company offers wireless voice, data services and equipment. The company also provides internet access, broadband video and data, internet protocol network, network access, long distance. The company’s network covers the population of almost 292 million the offers its services to a customer base of 94.1 million customers. The company was initially registered under the name of Bell Atlantic Corporation and later in June, 2000 changed its name to Verizon Communications Inc.
Verizon Communications Inc (NYSE:VZ) maintains the highest EPS growth rate among 26 telecom services companies which stands at 113 percent. The company is ranked 4th among its industry peers by return on equity. The company maintains the return on equity of 17.50 percent as compared to highest return on equity of 38.24 percent maintained in its industry.
Verizon Communications Inc (NYSE:VZ) generated the total revenue of $27.91 billion for the quarter ended September 30th, 2011 as compared to revenue of $26.48 billion for the same period last year. The company reported the net profit of $1.37 billion or earnings of $0.49 per share for the respective quarter as compared to net income of $659 million or earnings $0.23 per share last year.
The company’s total assets accumulate up to $228.03 billion out of which fixed assets have the highest proportion. The company maintains a weak short term liquidity position as per its current ratio of 0.79 times.Previous Post » Wal-Mart Stores Inc (NYSE:WMT) ranks 2nd in its Industry by Dividend Yield