Verizon Tops Profit Estimates With Solid Subscriber Gains

Updated on
  • Phone financing, bigger data offers lure 1.3 million new users
  • Verizon introduced a free mobile-video service last month

Verizon Communications Inc., the largest U.S. wireless carrier, posted third-quarter profit that exceeded analysts’ estimates after sales promotions and tablet deals helped lure more subscribers even as smaller rivals cut prices.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.