Verizon managed to keep the customer growth flowing in the third quarter despite increased pressure from the likes of T-Mobile.
The New York telecommunications giant reported net income attributable to Verizon (which excludes the stake in Verizon Wireless that partner Vodafone owns) of $2.23 billion, or 78 cents a share. In the year-earlier period, it posted a profit of $1.59 billion, or 56 cents a share. Excluding one-time items, Verizon's adjusted earnings were 77 cents a share.
Revenue rose 4.4 percent to $30.28 billion.
Analysts, on average, expected Verizon to post earnings of 74 cents … Read more