Verizon's FiOS and business services grow amid falling earnings - FierceTelecom

Although Verizon saw positive growth in its consumer broadband and strategic business services segment, the ILEC saw a 21 percent decrease in earnings along with $416 million in severance and pension costs.

During the quarter, Verizon reported income of $1.48 billion, or 52 cents a share, down from $1.88 billion, or 66 cents a share, from the Q2 2008. Putting aside merger and other associated one-time labor costs, Verizon's per-share earnings decreased by 4 cents to 63 cents per share. At the same time, the ILEC saw an 11 percent increase in revenue to $26.86 billion...