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Verizon's earnings beat estimates, boosted by wireless growth

Verizon on Tuesday reported quarterly earnings that blew away Wall Street’s forecasts, as a surge in wireless subscriptions and service growth boosted its bottom line.

The telecommunications giant posted earnings per share of $1.22, compared with $1.17 per adjusted share in the comparable year-ago quarter. Revenues were $32.1 billion, versus $31.8 billion in the first quarter of 2018.