$3.45 billion

Verizon's net income for Q1 2017, a drop of nearly 20 percent year over year from $4.31 billion. The communications giant told investors last week that it's focusing on "organic growth for now." Verizon's wireline division, which includes Enterprise Solutions, Partner Solutions, and Business Markets, experienced a modest decline of less than 1 percent. However, the migration from legacy voice services to advanced communications products is generating a "revenue headwind" for the long term, CFO Matt Ellis said. Meanwhile, Internet of Things (IoT) revenues provided a bright spot within Verizon's financials during Q1, jumping 17 percent.