Verizon Communications Inc. (VZ) outstripped analysts’ projections for both adjusted earnings per share and revenue in the third quarter. Revenue came in at $33.34 billion, surpassing the anticipated $33.25 billion. Adjusted earnings per share also exceeded forecasts, hitting $1.22 against an anticipated $1.18.
Compounding this positive news, Verizon also surpassed Wall Street’s postpaid phone net additions predictions. The company added 100,000 new subscribers versus a consensus estimate of 62,000.
