Verizon gets iPhone boost, earnings up
Verizon Communications Inc
Verizon Wireless, its venture with Vodafone Group Plc
While Verizon Wireless added only slightly more subscribers than it did in the fourth quarter, the top mobile service was well ahead of archrival AT&T Inc
AT&T Inc
Verizon earnings rose to $1.44 billion, or 51 cents per share from $443 million, or 16 cents per share in the same quarter a year before when it shouldered hefty one time charges.
Revenue rose to $26.99 billion from $26.86 billion in the year-ago quarter and compared with the average analyst expectation for $26.86 bln, according to Thomson Reuters I/B/E/S.
Verizon shares were down 14 cents at $37.65.
(Reporting by Sinead Carew; editing by Derek Caney)
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