Verizon tops estimates for subscriber additions, profit on strong phone upgrades

By Harshita Mary Varghese (Reuters) -Verizon beat Wall Street estimates for quarterly profit and wireless subscriber additions on Wednesday, as promotions around the recent iPhone launches helped the U.S. wireless service provider attract more customers. The company added 44,000 total monthly bill-paying wireless subscribers in the third quarter, compared with expectations for 19,000 additions, according to data from FactSet. The results could ease investor concerns that Verizon is losing ground to riva ...