How Verizon Added 358,000 New Phone Subscribers Last Quarter

Verizon Communications (NYSE: VZ) blew away expectations with its second-quarter earnings report. Not only did it post a big beat on the top line, but it also showed investors that its unlimited data plan is working to attract subscribers. Verizon added 358,000 postpaid phone subscribers last quarter, well above analysts' expectations.

That picks up where Verizon left off in the first quarter. While the company lost 289,000 postpaid phone subscribers during the first three months of the year, management said it would have lost much more without introducing its unlimited plan in February. Now investors are asking whether the momentum is sustainable.

Image source: Verizon.

Source: Fool.com