January 29, 2019 / 12:08 PM / a year ago

Verizon quarterly profit beats estimates

Jan 29 (Reuters) - Verizon Communications Inc beat Wall Street estimates for quarterly profit on Tuesday, as the largest U.S. mobile carrier added more net new subscribers who pay a monthly bill.

The largest U.S. wireless carrier by subscribers said it added a net 653,000 phone subscribers during the fourth quarter, beating the average estimate of 355,600 net additions, according to research firm FactSet.

Excluding items, Verizon earned $1.12 per share, above the average estimate of $1.09 per share, according to IBES data from Refinitiv. (Reporting by Akanksha Rana in Bengaluru and Sheila Dang in New York Editing by Saumyadeb Chakrabarty)

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