Verizon Sales Tick Up, Adds Half-Million Subscribers
Verizon's Q1 earnings rose from 51 to 59 cents per share year over year, and sales ticked up 4.6 percent. But the big news was that Verizon added 501,000 contract subscribers in a traditionally weak quarter. That, plus slowing iPhone sales -- a positive for Verizon since it sells the devices at a loss to entice customers -- also helped Verizon's results. Investors seemed to enjoy these developments, as shares ticked up 1.3 percent.