Verizon Communications Inc., the largest U.S. wireless telecoms company, reported better-than-expected quarterly revenue and profit due to a jump in postpaid wireless subscriber additions.
However, the company's net profit fell 16.8 percent as interest expenses rose.
Verizon's shares fell about 1 percent to $50.08 before the bell.
The company's postpaid wireless subscriber net additions surged 53 percent to 1.4 million in the second quarter ended June 30.
Operating revenue rose 5.7 percent to $31.48 billion.
However, net income fell to $4.3 billion, or $1.01 per share, in the quarter from $5.2 billion, or 78 cents per share, a year earlier.
Excluding items, the company earned 91 cents per share.
Analysts on average had expected a profit of 90 cents per share on revenue of $31.12 billion, according to Thomson Reuters I/B/E/S.
Verizon's wireless revenue, which accounts for more than two-third of its total revenue, rose 7.5 percent due to strong growth in service revenue.
Average monthly revenue per account rose 4.7 percent to $159.73.
Verizon's shares closed at $50.70 on Monday on the New York Stock Exchange. The stock has risen 3 percent this year to Monday's close.
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