Verizon lifts annual profit forecast after surprise rise in wireless subscribers

Verizon raised its annual profit forecast after revamped customer offers and bundled plans drove surprise first-quarter wireless subscriber additions. The update signals improving demand and execution in the core wireless business, supporting higher earnings expectations. The news is positive for Verizon shares but is unlikely to have broad market impact.

Analysis

Verizon raised its annual profit forecast after revamped customer offers and bundled plans drove surprise first-quarter wireless subscriber additions. The update signals improving demand and execution in the core wireless business, supporting higher earnings expectations. The news is positive for Verizon shares but is unlikely to have broad market impact.