Investing.com - Verizon Communications (N:VZ) reported better-than-expected quarterly revenue as heavy promotions helped it to check customer defections.
The number one U.S. wireless service provider's shares rose 1.1% in premarket trading on Thursday.
Customer defections, also known as churn, at Verizon's wireless postpaid business dipped to 0.96% from 1.14%.
The mobile network operator posted fourth-quarter earnings per share of $0.89, compared to $0.71 a share a year earlier.
Revenue for the quarter rose 3.2% to $34.25 billion from $33.19 billion in the final quarter of 2015.