Verizon Adds Subscribers as Earnings Guidance Falls Short of Forecasts
Verizon Communications Inc.
VZ 0.22%
posted higher revenue for the recently ended quarter as the company grew its subscriber base, but its 2023 earnings forecast fell short of Wall Street expectations.
Verizon reported a net gain of 217,000 phone connections under postpaid billing plans during the December quarter, excluding the impact from the decommissioning of the company’s 3G network. The gains marked a reacceleration of growth in…