Verizon Stock: Verizon Earnings Top Estimates, Revenue Light. Wireless Subscriber Adds Beat. - Investor's Business Daily — SkimNews
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- Verizon topped earnings estimates and beat expectations for wireless subscriber additions, though revenue was light.
- Verizon lifted its annual outlook and inked an Amazon deal worth more than $2 billion.
Why it matters: For investors, Verizon's report is mixed rather than a clean sweep: earnings and wireless subscriber additions beat expectations, but revenue was light. The raised annual forecast and Amazon agreement worth more than $2 billion give the bullish coverage framing two additional, concrete grounds.
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