Company stock rose 2% to $48.29 in early trading Thursday.
IVerizon added 927,000 net retail wireless subscribers in the quarter, compared with Wall Street expectations of about 1 million customers, according to eight analysts, Reuters reported, with estimates ranging from 900,000 to 1.2 million.
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However, wireless revenue rose 8% as consumers continued to upgrade their smartphones and use more data and devices to shared plans, said executive vice president and chief financial officer Fran Shammo in a conference call with analysts.
Verizon reported a profit of $2.2 billion, or 78 cents per share, compared with $1.59 billion, or 56 cents per share, in the year-ago quarter.
The company's total operating revenues for the third-quarter 2013 were $30.3 billion, up 4.4% over 2012, Verizon said. It's Verizon's fourth consecutive quarter with revenue increases of 4% or more
The company expects wireless growth to continue, Shammo said. "I can't sit here and say 8% growth is going to happen forever in wireless," he said. "I do think growth rate will come down over time but … there is a lot of runway and a lot of technology and the growth rate is still there."
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Verizon activated about 3.9 million iPhones in the third quarter, accounting for about 51% of all its smartphone activations for quarter, Marketwatch reported.
The company also added 173,000 new FiOS Internet subscribers and 135,000 FiOS video subscribers.
Shammo noted that continued disruption in government will likely keep Verizon's enterprise communications business flat. "What's going to happen when we get to Dec. 31? I still think there's a lot of uncertainty and enter! prise will sit on the sidelines."
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