Verizon Communications reported steady earnings in a stormy economy, according to an Associated Press report.
The US' second-largest telecoms company said first-quarter earnings rose 9.8% as its mobile division signed up more new customers than rival carriers did, the report said.
Verizon earned â‚¬1.02 billion (US$1.64 billion) in the quarter that ended March 31, compared with â‚¬959 million (US$1.5 billion) a year ago.
Revenue rose 5.5% to â‚¬15.1 billion (US$23.8 billion).
Earnings matched expectations of analysts polled by Thomson Financial. Revenue fell slightly short of analyst expectations of â‚¬15.2 billion (US$23.86 billion).
Analysts reckon carriers will hold up well, even as the economy slows, which AT&T, Verizon's largest rival, did with an earnings report last week that showed little sign of trouble.