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Verizon profit up 16 percent as wireless growth chugs along

Verizon bounced back from a tough fourth quarter and started the year off strongly. The telecommunications provider today posted a first-quarter profit of $1.95 billion, or 68 cents a share, compared with a year-earlier profit of $1.67 billion, or 59 cents a share. Revenue rose 4.2 percent to $29.42 billion from a year ago. Analysts, …

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