April 18 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.