- Associated Press - Thursday, July 19, 2012

NEW YORK (AP) - Verizon is reporting its quarterly earnings and is expected to show a healthy increase in net income.

Second-quarter results from Verizon Communications Inc., parent of the country’s biggest wireless carrier, are expected before the market opens Thursday.

On June 28, Verizon’s wireless business dropped most of its phone plans in favor of one plan that provides unlimited calling and shares a pool of data among up to ten devices.

The “Share Everything” plan was introduced too late to have an effect on second-quarter results, but executives may give an indication about how customers are reacting and what that means for future results.

Verizon Communications, the New York-based phone company, owns 55 percent of Verizon Wireless. The rest of the wireless division is owned by Vodafone Group PLC of Britain.

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