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Shares of Verizon rose 0.6 percent to $49.65 in
premarket trading.
The largest U.S wireless company added a net 565,000 retail
postpaid subscribers in the first quarter ended March 31.
Customer defections, known as churn, in postpaid accounts fell
to 1.03 percent from 1.07 percent a year earlier.
Total revenue in the company's wireless business rose 6.9
percent to $22.33 billion. Revenue in its FiOS Internet and
video product business rose 10.2 percent to $3.35 billion.
Verizon's retail postpaid average revenue per account fell to
$156.14 from $159.67.
Net income attributable to Verizon was $4.22 billion, or $1.02
per share, in the first quarter, compared with $3.95 billion, or
$1.15 per share, a year earlier.
Revenue rose to $31.98 billion from $30.82 billion.
Analysts on average had expected earnings of 95 cents per share
on revenue of $32.27 billion, according to Thomson Reuters
I/B/E/S.
(Reporting by Malathi Nayak in New York and Supantha Mukherjee
in Bengaluru; Editing by Maju Samuel)
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