Verizon Tops Profit Estimates After Adding Wireless Users
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Verizon Communications Inc., the second-largest U.S. phone company, climbed the most in five months after its first-quarter profit beat estimates, bolstered by customers signing up for lucrative data contracts.
Earnings rose to 68 cents a share in the period, the New York-based company said today in a statement. Analysts had estimated about 65 cents on average, according to data compiled by Bloomberg.