Verizon posts higher quarterly revenue on subscriber growth

April 18 Thu Apr 18, 2013 7:39am EDT

April 18 (Reuters) - Verizon Communications Inc posted higher quarterly revenue on Thursday, driven by growth in its wireless business.

Verizon Wireless, its venture with Vodafone Group Plc , added 677,000 retail subscribers in the quarter, above Wall Street expectations for about 634,000, according to eight analysts contacted by Reuters.

Verizon earnings rose to $1.95 billion or 68 cents per share compared with $1.69 billion or 59 cents per share in the year-earlier quarter. Revenue rose to $29.42 billion from $28.24 billion and compared with Wall Street estimates of $29.55 billion, according to Thomson Reuters I/B/E/S.