Verizon quarterly wireless subscriber additions top estimates - Reuters

Jan 24 (Reuters) - Verizon Communications Inc (VZ.N) connected Tuesday reported better-than-expected quarterly wireless subscriber additions, arsenic its promotional plans attracted much customers and drove instrumentality upgrades during the vacation season.

After reporting little wireless sign-ups compared to rivals AT&T (T.N) and T-Mobile (TMUS.O) successful 2022, Verizon has picked up gait again, acknowledgment to promotional offers and Apple's (AAPL.O) flagship iPhone launch.

Verizon, whose plans are the astir costly among U.S. peers, added 217,000 nett caller monthly measure paying wireless telephone subscribers successful the 4th quarter, higher than Factset estimates of 200,400 additions.

The company's nett income roseate 41.4% to $6.7 cardinal successful the quarter.

Excluding items, Verizon earned $1.19 per share.

Reporting by Eva Mathews and Samrhitha Arunasalam successful Bengaluru Editing by Vinay Dwivedi

Our Standards: The Thomson Reuters Trust Principles.