Updated 7:20 a.m. PDT with information from the conference call.
Verizon Communications saw earnings grow 5.3 percent in the first quarter, helped by its acquisition of Alltel. But wireless competition is heating up with AT&T, which saw strong growth due to the iPhone.
For the three months ended March 31, Verizon reported net income of $3.2 billion, or 58 cents a share, barely beating last year's earnings of $3.0 billion, or 58 cents a year. Revenue was up about 12 percent, to $26.6 billion, largely due to the acquisition of regional … Read more