The Canadian PressOctober 17, 2013 08:47
NEW YORK, N.Y. - Verizon's third-quarter net income jumped 40 per cent to beat Wall Street expectations as it continued to add more wireless devices to its network.
The country's largest cellphone carrier earned $2.23 billion, or 78 cents per share, up from $1.59 billion, or 56 cents per share, in the same quarter of 2012. Excluding one-time items, the company posted an adjusted profit of 77 cents per share for the recent quarter.
Revenue rose 4 per cent to $30.28 billion from $29.01 billion.