Verizon Reports Earnings Beat and Raises Full-Year Outlook Despite Revenue Miss
Verizon Communications Inc. (VZ) shares rose 4.9% in premarket trading after reporting first-quarter earnings that exceeded expectations and raising its full-year profit outlook, despite revenue missing forecasts. The company also reported improved postpaid phone subscriber growth and a stronger cash flow position.
Tickers: $VZ
Topics: Earnings Profit Outlook Revenue Performance Stock Price Movement Subscriber Growth