Verizon adds 1.4M long-term wireless plans in 2Q

July 11, 2014

(AP)—Verizon says it added more than 1.4 million long-term wireless subscribers in the second quarter, with strong gains in both smartphones and tablets.

Verizon Communications Inc. CEO Lowell McAdam said Thursday that the company's wireless profit margins remain consistent with the past several quarters. Verizon is the nation's largest wireless carrier. The second-quarter gains cited are for retail post-paid plans, which are the lucrative ones offered to good-credit customers and include those on two-year service contracts.

The company plans to report its second-quarter earnings on July 22.

Shares of the New York-based company slid 13 cents in after-hours trading to $49.51. The stock had closed up 74 cents at $49.64.

Explore further: Verizon 1Q profit surges on Vodafone-related gains

Related Stories

AT&T earnings unchanged, but revenue grows in 1Q

April 22, 2014

AT&T says its first quarter earnings were unchanged from the first three months of last year, but revenue grew as the wireless business added more than 1 million subscribers.

Recommended for you

Swiss unveil stratospheric solar plane

December 7, 2016

Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday unveiled a solar plane aimed at reaching the stratosphere.

Solar panels repay their energy 'debt': study

December 6, 2016

The climate-friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday.

Wall-jumping robot is most vertically agile ever built

December 6, 2016

Roboticists at UC Berkeley have designed a small robot that can leap into the air and then spring off a wall, or perform multiple vertical jumps in a row, resulting in the highest robotic vertical jumping agility ever recorded. ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.