Monday, April 30, 2007

Verizon qtly profit falls, subscribers grow

(Reuters) - NEW YORK, April 30 - Verizon Communications on Monday reported a fall in first-quarter profit due to discontinued operations, although profit from continuing operations rose in line with expectations amid strong wireless and Internet growth.

Quarterly profit fell to $1.5 billion, or 51 cents a share, from $1.6 billion or 56 cents a share a year earlier. The year-ago figures included a directories business that it has since spun off and assets in the Dominican Republic and Puerto Rico that it has since sold.


Read more at Reuters.com Market News

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