America’s biggest mobile phone company reported solid profit growth in its second quarter 2015 results before the bell today, beating Wall Street’s earnings estimates with EPS of $1.04, up from 91 cents a year ago. Revenue missed expectations slightly. Analysts were concerned about how Verizon’s growth and market share would stand up to stiffer competition from smaller carriers T-Mobile and Sprint, but Verizon’s EPS was up a healthy 14.3% and its operating income margins on its all-important wireless service business jumped from 50.3% last year to 56.1% in 2Q15 as it added 1.1 million postpaid customers, well above Street estimates of 970,000 (and nearly twice the net additions in 1Q15). Tablets continue to play a big role in Verizon’s new activations, accounting for half of the new adds. Verizon now has 103.7 million retail postpaid connections, up 5.2% from a year ago.

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