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Verizon raised its yearly profit forecast, driven by strong demand for premium plans despite losing some mobile subscribers.
Verizon raised its profit forecast for the year, citing strong demand for its higher-tier plans and better-than-expected Q2 earnings.
The company saw a 2.2% rise in wireless service revenue but lost 9,000 monthly bill-paying wireless subscribers.
Verizon added 293,000 broadband subscribers and reported a net income of $5.12 billion, surpassing estimates.
Shares increased by 4% in pre-market trading.
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Verizon elevó su pronóstico anual de ganancias, impulsado por la fuerte demanda de planes premium a pesar de perder algunos suscriptores móviles.