Verizon on Thursday posted its results for the second quarter of 2013. Wall Street was looking for earnings to climb 14% to $0.72 per share on sales totaling $29.81 billion, and Verizon narrowly beat the consensus, posting $0.73 in EPS on light revenues of $27.8 billion. In the same quarter last year, Verizon reported a profit of $0.64 per share on $28.55 billion in sales. Verizon’s earnings totaled $2.25 billion last quarter including a one-time pension benefit, up from $1.83 billion in the same quarter last year. Verizon said it added 1 million net new wireless subscribers in Q2 2013, including 941,000 contract customers. Verizon now reports 100.1 million total retail connections, which is up 6.3% over Q2 2012. About 64% of Verizon’s contract wireless customers were smartphone users at the end of the second quarter, and Verizon said it activated 3.9 million iPhones during the June quarter, up 44% on-year.

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.