Verizon Communications' 3Q earnings beat expectations

Earnings HQ: FBN's Lori Rothman breaks down Verizon Communications' third-quarter earnings report.

Verizon Posts Lower Profit, Higher Revenue

Industries Reuters

Verizon Communications Inc on Tuesday posted lower quarterly earnings, but revenue rose as it added customers to its wireless business.

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Verizon reported a third-quarter profit of $3.79 billion, or 89 cents per share, compared with $5.6 billion, or 78 cents per share, a year earlier.

Revenue rose 4 percent to $31.6 billion. Wall Street expected $31.58 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Marina Lopes; Editing by Lisa Von Ahn)