Growing customer base boosts Verizon 1Q profit by 9.8 pct

Courtesy Topix - Business News  Mon, 04/28/2008 - 19:20

Verizon Communications Inc.'s first-quarter earnings rose 9.8 percent as its wireless division attracted more customers than other carriers.

The country's second-largest telecommunications company earned $1.64 billion, or 57 cents per share, in the quarter that ended March 31, compared with $1.50 billion, or 51 cents per share, a year ago.

Revenue rose 5.5 percent to $23.8 billion from $22.6 billion.

Excluding items, earnings were 61 cents per share, matching the average expected by analysts polled by Thomson...

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