VZ Stock: Why The Price Increased Today

By Amit Chowdhry ● Oct 20, 2021
  • The stock price of Verizon Communications Inc. (NYSE: VZ) increased by over 1.5% pre-market today. This is why it happened.

The stock price of Verizon Communications Inc. (NYSE: VZ) increased by over 1.5% pre-market today. Investors are responding positively to Verizon’s third-quarter results.

Verizon’s earnings were $1.41 per share on an adjusted basis, excluding certain items. And revenue increased 4.3% to $32.9 billion for the quarter. The wireless service revenue increased 3.9% to $17.1 billion, which was in-line with the estimates.

Plus Verizon added 429,000 postpaid wireless phone subscribers. The subscriber additions are significantly higher than the estimates, which was under 350,000.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.