Verizon Communications Reports Third Quarter Earnings Beat and Raises Full-Year Guidance
Verizon Communications Inc. (VZ) reported third-quarter results that exceeded analyst expectations for adjusted earnings per share, which came in at $1.31 against an estimated $1.28. While revenue of $34.31 billion slightly missed consensus estimates, the company achieved record-breaking performance in several key metrics, including a consolidated adjusted EBITDA of $13.8 billion, its highest quarterly result ever. The telecommunications provider saw significant growth in subscriber metrics, reporting 406,000 postpaid phone net additions—an 820% year-over-year increase and the strongest third-quarter performance in five years. Driven by these results, Verizon raised its full-year 2026 adjusted EPS guidance to a midpoint of $5.05 and increased its outlook for postpaid phone net additions and free cash flow growth.
Tickers: $VZ
Topics: earnings beat EBITDA guidance raise postpaid net additions revenue growth
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