Verizon, AT&T earnings on deck: Focus on subscriber growth

When Verizon Communications (NYSE:VZ) and AT&T (NYSE:T) reports first quarter results, investors will look at subscriber growth for the U.S. telecom firms.

Wall Street expects the New York-based Verizon to post EPS of $1.15 on revenue of $33.28 billion, implying a rise of nearly 1% year-over-year.