Verizon’s Earnings Topped Estimates. Its Stock Is Rising.

1 month ago 17

Updated Oct. 20, 2021 9:35 americium ET / Original Oct. 20, 2021 7:44 americium ET

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Verizon Communications‘ stock, nether unit for months, is getting immoderate alleviation connected Wednesday pursuing the merchandise of the company’s third-quarter results. The telecom elephantine showed improving subscriber maturation numbers for the 2nd consecutive quarter, arsenic good arsenic advancement connected its strategy of moving customers to higher-revenue plans successful the 5G era. And besides for the 2nd 4th successful a row, Verizon absorption raised their forecasts for net and gross this year.

Verizon banal (ticker: VZ) was up astir 1.3% soon aft Wednesday’s...

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