Reuters: Technology News: Verizon posts earnings, revenue increase

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Verizon posts earnings, revenue increase Apr 19th 2012, 11:47 Tweet Share this Email Print Related News Bank of America reports lower first-quarter profit 7:21am EDT Qualcomm supply constraints to limit revenue Wed, Apr 18 2012 EBay quarterly results top expectations Wed, Apr 18 2012 IBM boosts outlook; revenue shortfall hits shares Tue, Apr 17 2012 Yahoo shows signs of life, Alibaba in the cards again Tue, Apr 17 2012 Analysis & Opinion Int'l Power does well to get better buyout from GDF Phone service for all, no matter what kind Related Topics Tech » Hot Stocks » Asian Markets » Customers wait in line outside a Verizon Wireless store in New York, February 10, 2011. Credit: Reuters/Mike Segar NEW YORK | Thu Apr 19, 2012 7:47am EDT NEW YORK (Reuters) - Verizon Communications Inc posted higher quarterly earnings and revenue that grew 4.6 percent as it added new mobile subscribers. Its mobile affiliate, Verizon Wireless, added 501,000 contract customers in the quarter compared with the average expectation for just over 511,000 from five analysts polled by Reuters. Earnings rose to $1.69 billion, or 59 cents per share compared with $1.44 billion, or 51 cents per share, in the year-earlier quarter. Revenue rose to $28.24 billion from $26.99 billion. (Reporting By Sinead Carew; Editing by Gerald E. McCormick) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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