Boston, MA 10/16/2014 (wallstreetpr) – Verizon Communications Inc. (NYSE:VZ) has gained market share in the third quarter. The company would be reporting its financial results for the third quarter on October 21. It would be interesting to see whether the company was able to translate the gain in market share to more profit. Alternatively, it might throw lights whether it faced pricing pressure to compromise for the sake of market share gain. Among the telecom services provider, pricing war has been going on especially in respect of data.
Verizon Communications Inc. (NYSE:VZ)’s market share in the third quarter was 44.2% based on both post-paid, as well as, pre-paid subscribers. In comparison, it had 38.5% of market share during the second quarter. It was one of the two companies to gain market share during the third quarter.
Aside from gaining market share, Verizon also replaced AT&T Inc. (NYSE:T) as the top service provider in terms of market share. AT&T has not only lost its share but was also pushed down to the second place with a market share of 39.1% in the third quarter compared to 44.3% in the second quarter.
In the last six quarters, Verizon Communications Inc. (NYSE:VZ) has delivered double-digit earnings and operating income growth. The company ended the second quarter with 104.6 million total retail connections, which included 98.6 million post-paid subscribers in the wireless segment.
Now that the market share has increased considerably during the third quarter, Verizon Communications Inc. (NYSE:VZ) would have added net subscribers. However, it remains to be seen as how much the company was able to achieve as far as average revenue per account or ARPA was concerned. In the second quarter, it achieved 4.7% growth in ARPA.
On average, Zacks estimate Verizon to report earnings of 93 cents a share on revenue of $31.71 billion for the third quarter. It represented earnings growth of 20.35% on revenue uptick of 4.72%.
During the second quarter, Verizon Communications Inc. (NYSE:VZ) generated $31.5 billion revenue and earned a profit per share of $1.01. On an adjusted basis, it earned 91 cents a share.