Verizon Communications (NYSE:VZ) reported better-than-expected profit figures for Q2, leading to more than a 2% increase in its shares in pre-market today.

The company's EPS stood at $1.21, surpassing the Street estimate of $1.17. However, revenue came in at $32.6 billion, slightly below the Street estimate of $33.35 billion.

Verizon's CEO Hans Vestberg stated that they made progress in their key priorities, which include growing wireless service revenue, achieving healthy consolidated adjusted EBITDA, and increasing free cash flow.

For the full year, Verizon anticipates wireless service revenue growth between 2.5% to 4.5%. The company reaffirmed its full-year EPS forecast of $4.70, while the Street was expecting $4.67.

Moreover, Verizon maintains its capital expenditure projection of $18.25 billion to $19.25 billion, which is slightly ahead of the estimated $18.82 billion.