Verizon 3rd-quarter adjusted net meets estimates

TEL AVIV (MarketWatch)
Verizon Communications Inc.the New York telecom group, reported that third-quarter net income rose 16%, with adjusted profit meeting analysts' expectations, on 3.9% higher revenue
Earnings reached $1.59 billion, or 56 cents a share, from $1.38 billion, or 49 cents, in the year-earlier
quarter
Adjusted profit rose to 64 cents a share from 56 cents
Revenue totaled $29.01 billion compared with $27.91 billion.
A survey of analysts by FactSet Research produced consensus estimates of profit of 64 cents a share on revenue of $29.01 billion.
Verizon affirmed its financial targets for all of 2012
A Thursday statement from Verizon did not specify sales of Apple's iPhone 5