Verizon misses estimates in Q3, adds 1.5 million net retail customers

%name Verizon misses estimates in Q3, adds 1.5 million net retail customers by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

Verizon on Tuesday posts mixed earnings results for the third quarter. The nation’s top carrier reported earnings of $0.89 per share, missing analysts’ EPS consensus of $0.92, but revenue was up 4.3% sequentially to $31.6 billion, narrowly topping the Street’s estimate of $31.57 billion. Verizon said it added more than 1.53 million net new retail subscribers, including 1.52 million postpaid customers. The carrier’s total retail connection count rose more than 5% to 106.2 million.

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