Verizon stock soars to its best day in almost 15 years
Publishing timestamp: 2023-10-24 16:02:08
Summary
Verizon stock had its best day in almost 15 years, closing up more than 9%. The company beat analysts' expectations for earnings per share and revenue in the third quarter. Verizon also exceeded Wall Street's expectations for its postpaid phone net additions. The company adjusted its 2023 outlook, expecting free cash flow to total more than $18 billion. This surge in stock performance is the best since 2008 when Verizon had not yet launched its 4G LTE wireless network.
Sentiment: POSITIVE
Tickers: VZ,
Keywords: business news, breaking news: technology, technology, verizon communications inc, telecommunications, earnings, united states,
Source: https://www.cnbc.com/2023/10/24/verizon-stock-soars-toward-its-best-day-in-almost-15-years.html