Verizon’s Q3 Surprise: Earnings Beat, Subscriber Surge & Bold 5G Moves Under New CEO
Verizon posted Q3 adjusted earnings of $1.21 per share, beating forecasts, though revenue of $33.8 billion missed estimates. The company added 44,000 postpaid wireless subscribers, more than double analyst expectations. Dan Schulman took over as CEO in October, announcing new fiber expansion deals. Shares rebounded after the report but remain down about 8% over three months.