Business

Verizon posts $5.07B profit for 4Q

By Bree Fowler
Published January 21, 2014 4:34pm ET
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Verizon posts $5.07B profit for 4Q
FILE - In this Thursday, June 6, 2013, file photo, a pedestrian uses her cell phone as she passes a Verizon Wireless store on Broadway in Lower Manhattan, in New York. Verizon Communications Inc. reports quarterly financial results before the market opens on Tuesday, Jan. 21, 2014 (AP Photo/John Minchillo, File) | John Minchillo

NEW YORK (AP) — Verizon posted fourth-quarter net income of $5.07 billion, boosted by continued growth in the number of phones and tablets connected to its network.

The largest U.S. cellphone carrier reported increases in both the number connected devices and its wireless subscriber population. Its results reported Tuesday beat Wall Street predictions.

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