Verizon 3rd Quarter 2005 Results UP

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Things are looking up with added subcribers to the network. Verizon reported third-quarter 2005 earnings of $1.9 billion, or 67 cents per diluted share, highlighted by continued strong results at Verizon Wireless, sustained overall revenue and customer growth, and a company record for net new wireline broadband connections.

Third-quarter earnings included a net gain of $37 million, or 1 cent per share, related to the sale of a New York City office building and related relocation costs, as well as tax benefits of $115 million, or 4 cents per share, largely offset by asset impairments at Verizon’s leasing operations and other costs of $131 million, or 5 cents per share.

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