Wednesday, October 21, 2020

Verizon Q3 Profit Tops Estimates, Operating Revenue Down 4.1%; Raises Guidance

Verizon Communications Inc. (VZ) said the company delivered strong third quarter results with an increased cash flow, wireless service revenue growth, and the most Fios Internet net adds since fourth 2014. The company said its performance was highlighted by increases in wireless service revenue and total Fios Internet net additions. Also, the company revised earnings guidance upward for the year.

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