Boosted by profits from its broadband sales and from its joint venture with AT&T in Cingular Wireless, BellSouth reported a near-30 percent increase in profits for the third quarter on Tuesday.

BellSouth (NYSE: BLS) beat Wall Street expectations with $1.1 billion in profits, or 58 cents a share. Those figures were significantly higher than the $817 million profit and 44-cent per share earnings of one year ago.