Verizon Tops Profit Estimates, Raises 2020 Earnings Forecast
- Gain in new phone subscribers was below analysts’ predictions
- Covid put 5-cent dent in profit; sales dip to three-year low
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Verizon Communications Inc. exceeded Wall Street profit estimates and raised its full-year earnings forecast, another sign that the company’s focus on mobile and broadband network services is helping it weather the Covid-19 pandemic.