Verizon Raises Annual Profit Forecast Due to Increased Wireless Subscribers
Verizon raised its annual profit forecast following an unexpected increase in wireless subscribers, driven by revamped customer offers and bundled plans. The company added 55,000 monthly bill-paying wireless subscribers in the first quarter, marking its first net gains in over a decade. Shares rose 3% in premarket trading.
Topics: Customer Retention Market Leadership Profit Forecast Revenue Growth Verizon Wireless Subscribers