Verizon misses estimates in Q3, adds 1.5 million net retail customers

BGR

Verizon on Tuesday posts mixed earnings results for the third quarter. The nation’s top carrier reported earnings of $0.89 per share, missing analysts’ EPS consensus of $0.92, but revenue was up 4.3% sequentially to $31.6 billion, narrowly topping the Street’s estimate of $31.57 billion. Verizon said it added more than 1.53 million net new retail subscribers, including 1.52 million postpaid customers. The carrier’s total retail connection count rose more than 5% to 106.2 million.

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