Verizon’s Earnings Topped Estimates. Its Stock Is Rising.

Verizon Communications‘ stock, nether unit for months, is getting immoderate alleviation connected Wednesday pursuing the merchandise of the company’s third-quarter results. The telecom elephantine showed improving subscriber maturation numbers for the 2nd consecutive quarter, arsenic good arsenic advancement connected its strategy of moving customers to higher-revenue plans successful the 5G era. And besides for the 2nd 4th successful a row, Verizon absorption raised their forecasts for net and gross this year.

Verizon banal (ticker: VZ) was up astir 2.2% astatine 10:04 a.m., to...