Verizon Communications Inc. added 1.5 million new subscribers and exceeded analysts’ profit estimates even as rivals pushed price cuts and promotions to lure customers away.
Fourth-quarter earnings excluding some items were 89 cents a share, the largest U.S. wireless carrier said in a statement Thursday. Analysts predicted 88 cents, the average of estimates compiled by Bloomberg. Sales rose $34.3 billion, compared with a projection of $34.1 billion. Five analysts survey...
21:37 AT&T Unveils Pricing, Content Details for DirecTV Now Streaming Service, Teams With Reese Witherspoon19
00:50 FCC slams AT&T and Verizon over zero-rating offers10
16:38 Swift Energy completes $40 million sale of Louisiana asset9
03:00 Carrier incentives stir debate over 'rewarding' offshoring12