Verizon posts higher quarterly revenue on subscriber growth
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.
- Gaza toll passes 100; Israel to counter rockets 'with all power' |
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Ukraine says rebels will pay as missiles kill 23 soldiers |
- Texas mass murder suspect collapses in court as crime recounted
- British 'Harry Potter' actor David Legeno found dead in U.S. park