Verizon is hoping for a brighter earnings picture with its acquisition of Yahoo, but until things actualize, man — the struggle was real for the Checkmark this quarter.First, the numbers: revenue slid 5 percent from a year ago to $30.5 billion. Operating income fell to $4.55 billion, down 42 percent, while the company’s net rake totaled to $702 million, 83 percent worse off than 2015. Verizon blames part of the decline on a seven-week “work stoppage” or a wireline labor strike by the Communications Workers of America.Focusing on the wireless side, the company added ...
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from Pocketnow http://pocketnow.com/2016/07/26/verizon-earnings-suffer-through-yahoo
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