Investor's Business Daily - Verizon Communications earned 57 cents a share, 2% below a year earlier but 2 cents above forecasts. Revenue edged up 2.8% to $27.53 bil, ahead of views. While Verizon Wireless, its joint venture with Vodafone (NASDAQ:VOD - News), added 3 times more subscribers overall than AT&T , Verizon only activated 2.3 mil Apple (NASDAQ:AAPL - News) iPhones vs. 3.6 mil iPhone activations by its rival. COO Lowell McAdam will step up to the CEO spot Aug. 1. Shares fell 2.2%.
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