Verizon Earnings Drop 25% in Third Quarter

Verizon Communications (VZ) reported earnings of 31 cents per share for the third quarter, compared with 41 cents per share last year.

The third-quarter earnings included non-operational charges of 25 cents per share, the largest of which was related to pension settlements

Operating revenues dropped 2.9% to $26.5 billion, the company said in a statement. The results for the third quarter in 2009…