VERIZON'S third-quarter net income has climbed 15 per cent, driven by the strength of its wireless business as the new iPhone debuted during the period.
For the three months ended September 30, the parent of the United States' biggest wireless carrier reported earnings available to Verizon common shareholders of $US1.59 billion ($A1.54 billion), or 56 US cents per share.
That's up from $US1.38 billion, or 49 cents per share, a year ago.
Removing 8 US cents per share in charges related to patent lawsuit settlements, earnings were 64 US cents per share.
That matched analysts' expectations.
Revenue increased 4 per cent to $US29.01 billion from $US27.91 billion.
That also matched analysts' expectations.
Verizon's stock added 25 US cents to $US44.97 in premarket trading on Thursday.
During Verizon's July-September quarter, the iPhone 5 went on sale - the biggest phone sales event of the year.
Apple charges about $US600 for each iPhone in the US.
Supplies of iPhone 5s were short, and it only launched a week before the end of the quarter.
New York-based Verizon Communications Inc said that its wireless business reported record high margins and improved revenue.
Smartphone use continued to spread, making up 53 per cent of the unit's retail postpaid customer phone base.
The wireless division added 1.5 million net contract customers in the quarter, beating the net 900,000 subscribers that analysts expected would be added.
The price for the average monthly contract account climbed 6.5 per cent to $US145.42.
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