Verizon's Strong 3Q Results Drive Stock Surge and Increased Cash Flow Guidance
Verizon reported strong third-quarter results, including total operating revenue of $33.3 billion, a decrease of 2.6% from the same period last year. The company saw total broadband net additions of 434,000, with 384,000 fixed wireless net additions. Verizon also reported total wireless service revenue of $19.3 billion, a 2.9% increase year over year, and raised its free cash flow guidance for the year.