NEW YORK — Verizon Communications has posted better-than-expected first-quarter earnings and revenue, despite the economy.
Verizon said today that it earned $3.21 billion, or 58 cents per share, compared with $3.05 billion, or 57 cents per share, a year ago.
Revenue rose almost 12 percent to $26.59 billion. That topped Wall Street’s expectations of $26.32 billion in revenue.
The company ended the period with 86.6 million wireless customers, up 28.8 percent from 67.2 million in the same quarter last year.
