Verizon Earnings Beat But Revenue Light Amid Lower Phone Upgrades

Licensing

Verizon Communications (VZ) on Friday reported second-quarter adjusted earnings that topped Wall Street's targets while revenue missed. The wireless firm added more high-spending "postpaid" phone subscribers than expected. But Verizon stock dipped on the news. For the period ended June 30, Verizon earnings came in at $1.30 per share on an adjusted basis, excluding one-time items, up 2% from a…