As of 12:30 a.m. negotiations continue between Verizon and the two labor unions representing 65,000 Verizon Telecom employees. The following statement should be attributed to Verizon.
"Verizon and the unions representing Verizon Telecom employees in the Northeastern and Mid-Atlantic states continue to negotiate toward a fair agreement. We continue to negotiate in good faith to achieve new contracts for our employees."
Reported by Verizon
On July 28 Verizon Reported Double-Digit Earnings Growth, Strong Operating Cash Flows, Sales Gains in All Key Areas in 2Q.
Verizon Communications Inc. (NYSE:VZ) today reported continued strong results in the second quarter 2008. Verizon Wireless again led the industry in key metrics, while Verizon Wireline expanded penetration of FiOS services and continued to increase sales of strategic business services.
Verizon reported 66 cents in diluted earnings per share (EPS) in the second quarter 2008, compared with 58 cents per share in the second quarter 2007.
On an adjusted basis (non-GAAP), second-quarter 2008 earnings were 67 cents per share, a 15.5 percent increase compared with 58 cents per share in the second quarter 2007.
