Verizon's Q2 Revenue Up 2.8%
Separately, the operator said that Lowell McAdam is stepping up to replace Ivan Seidenberg as CEO.
On Friday morning, Verizon reported a second-quarter profit of $1.6 billion, or $0.57 per share, compared with a loss of $1.2 billion, or $0.42 per share, in the second quarter of 2010.
Analysts surveyed by Thomson Reuters had expected earnings per share of $0.55 for the quarter.
Shares of Verizon are up $0.03 to $37.60 in early trading Friday morning.
— Dan Jones, Site Editor, Light Reading Mobile