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Verizon's quarterly profit rises 32 percent

(Reuters) - Verizon Communications Inc reported better-than-expected first-quarter results on Tuesday as the No.

1 U.S. wireless carrier held on to its customers with unlimited data plans.

FILE PHOTO: The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016.

Shares of the company rose 2.5 percent to $49.87 in premarket trading.

Net income attributable to Verizon rose to $4.55 billion, or $1.11 per share, in the first quarter ended March 31 from $3.45 billion, or 85 cents per share, a year earlier.

Analysts had expected adjusted earnings of $1.10 per share and revenue of $31.26 billion, according to Thomson Reuters I/B/E/S.

Reporting by Shariq Khan in Bengaluru; Editing by Anil D'Silva

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Verizon's quarterly profit rises 32 percent


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