Verizon Communications missed quarterly revenue estimates on Monday due to slow phone upgrades in the United States, taking the shine off strong growth in wireless subscribers and sending shares of the telecom firm down 3.4% before the bell. Verizon reported second-quarter revenue of $32.8 billion, compared with analysts' average estimate of $33.06 billion, according to LSEG data. Verizon said it added 148,000 net monthly bill-paying wireless phone subscribers from April to June, above analysts' average estimate of 127,870 additions, according to Visible Alpha. It even raised the price of some older plans in March to prompt customers to switch to the new plans. The company's consumer business reported net losses of 8,000 wireless retail postpaid phone subscribers in the latest quarter, compared with 136,000 losses a year earlier.

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