Verizon quarterly profit meets estimates as subscribers rise

Earnings Reuters

FILE PHOTO: The logo of Verizon is seen at a retail store in San Diego, California April 21, 2016. REUTERS/Mike Blake/File Photo (Copyright Reuters 2017)

NEW YORK (Reuters) - Verizon Communications Inc's (VZ) quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.

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Net income attributable to Verizon was $3.62 billion, or 89 cents per share, in the third quarter ended Sept. 30, flat from the year earlier period.

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Excluding items, earnings per share was 98 cents. The company said that it added 603,000 wireless subscribers who pay a monthly bill.

Total revenue rose to $31.72 billion from $30.94 billion a year earlier.

According to Thomson Reuters I/B/E/S, analysts had expected adjusted earnings per share of 98 cents and revenue of $31.45 billion.

(Reporting by Anjali Athavaley; Editing by Nick Zieminski)

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