6 days ago • Posted by Martin Boujol

Verizon beats earnings expectations, thanks to 5G promotion

Verizon managed to top earnings expectations as promotions helped drive the 5G upgrade. Shares of the stock gained 0.7% on Wednesday following the results, as the company showed a record high in their number of new accounts subscribing to the unlimited plan. “Device upgrades, which were significantly higher compared to both second-quarter 2020 and 2019, drove 5G adoption and step-ups to premium unlimited plans, a strong indicator that our strategy is working,” said the CFO of the company. Source: MarketWatch

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Verizon beats earnings expectations, thanks to 5G promotion
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