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 points to improving customer demand and stronger operating momentum, supporting a more favorable earnings outlook. 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 points to improving customer demand and stronger operating momentum, supporting a more favorable earnings outlook. The news is positive for Verizon shares but is unlikely to have broad market impact.