NEW YORK (AP) _ Third-quarter results at Verizon Communications Inc. met Wall Street expectations, helped by strong demand for wireless and DSL services.

For the three months ended Sept. 30, Verizon recorded net income $3.47 billion, or $1.27 per share, compared with $2.54 billion, or 91 cents per share, in the year-ago period, Verizon said Monday.

Excluding items, including a $1.5 billion gain on asset sales and other adjustments, Verizon earned $2 billion, or 73 cents per share, up slightly from comparable earnings of $2 billion, or 72 cents per share, in 1999.

The results met expectations of analysts surveyed by First Call/Thomson Financial.

Shares of Verizon rose $2 to $55 in late morning trading on the New York Stock Exchange.

Revenue for the quarter from current operations jumped to $16.6 billion from $15.4 billion in the year-ago period.

Verizon said it added 130,000 digital-subscriber line subscribers in the third quarter, increasing its total to 350,000. It also cited a net increase of 806,000 Verizon Wireless customers, a 35 cent improvement from the year-ago period, bringing the total to 26.3 million customers.

An 18-day strike in the Verizon's Northeast region cost the company $40 million, the company said.

For the nine months ended Sept. 30, Verizon earned $9.9 billion, or $3.62 per share, compared with $6.5 billion, or $2.35 per share. Excluding revenues from operations sold, Verizon had revenue of $46.8 billion, up from $43.6 billion.


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