Reuters: Technology News: Verizon posts higher quarterly revenue on subscriber growth

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Verizon posts higher quarterly revenue on subscriber growth Apr 18th 2013, 11:41 Tweet Share this Email Print Related News Supplier woes stir Apple demand fears, stock drops below $400 Wed, Apr 17 2013 EBay second-quarter forecast disappoints, shares slip Wed, Apr 17 2013 Bank of America revenue drops, legal settlement stings Wed, Apr 17 2013 SanDisk sees brighter 2013 with higher NAND prices Wed, Apr 17 2013 Abbott hits mark, but devices, generics struggle Wed, Apr 17 2013 Analysis & Opinion Deal prospects make Vodafone look cheap A sign of Verizon Wireless is seen at its store in Westminster, Colorado April 26, 2009. Credit: Reuters/Rick Wilking Thu Apr 18, 2013 7:41am EDT (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. (Reporting by Sinead Carew; Editing by Gerald E. McCormick) 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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