From CNET: Verizon's customer growth bounced back in the second quarter, thanks to a pickup in tablet and smartphone demand in the period.
The company posted a second-quarter profit of $4.32 billion compared with a year-ago gain of $5.2 billion. But Verizon's share of the profit, after excluding the cut that Vodafone that previously received, was actually $4.2 billion, or $1.01 a share, up significantly from a year-ago gain of $2.2 billion, or 78 cents a share. Excluding a one-time gain from the sale of spectrum, its adjusted earnings per share was 91 cents a share.
Revenue, meanwhile, rose 5.7 percent to $31.48 billion.
The New York telecommunications giant was expected to post 90 cents in earnings per share and $31.12 billion in revenue, according to a survey of analysts by Thomson Reuters.
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