I bet someone is sorry they decided going with the iPhone deal first proposed to VZW several years back was a bad idea Verizon says it lost $198 million in the second quarter due to a buyout for 11,000 workers and reports revenue that is slightly lower than analysts had expected. The nation's second biggest phone company said Friday that it lost the equivalent of 7 cents per share, in the April to June period. That compares with net income of $1.48 billion, or 52 cents per share, in the same period last year. Excluding various charges, mainly for buyouts, earnings would have been about 58 cents per share in the latest quarter. That is 2 cents more than analysts expected. Verizon Communications Inc. says its revenue slipped to $26.8 billion. That was below the $27.1 billion analysts had expected. Verizon shares are up 38 cents to $27.38 in pre-market trading.