Verizon’s Earnings Topped Estimates. Its Stock Is Rising.

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Verizon Communications‘ stock, under pressure for months, is getting some relief on Wednesday following the release of the company’s third-quarter results. The telecom giant showed improving subscriber growth numbers for the second straight quarter, as well as progress on its strategy of moving customers to higher-revenue plans in the 5G era. And also for the second quarter in a row, Verizon management raised their forecasts for earnings and revenue this year.

Verizon stock (ticker: VZ) was up roughly 2.2% at 10:04 a.m., to…

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