NEW YORK – 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.
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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.