Verizon’s Q3 Profit Falls, But Edges Analyst Expectations
Posted on October 26, 2009 at 11:39 AM EDT
Verizon Communications, the nation's second -largest phone company, on early Monday said third-quarter profit fell 31% as higher costs offset an increase in revenue that largely was driven by an acquisition in its wireless business. The company continues to manage the decline in its wireline business as customers increasingly disconnect their landlines in favor of cell phones or rival