Reported about 13 hours ago
Verizon reported better-than-expected quarterly results, adding 44,000 monthly bill-paying wireless subscribers thanks to promotions tied to recent iPhone launches, exceeding analyst predictions of 19,000. The company aims to enhance its customer-centric approach to compete amid rising market competition, while CEO Dan Schulman emphasized a more sustainable growth strategy. Despite total revenue of $33.8 billion falling short of analyst estimates, Verizon's adjusted earnings per share of $1.21 surpass expectations, causing shares to rise 2% in early trading.
Source: YAHOO