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00:02Verizon raised its full-year adjusted earnings and free cash flow guidance after adding more
00:06wireless subscribers than expected in the second quarter, according to Reuters. The growth was
00:11driven by its new unlimited 5G plans, rewards program, and bundled wireless and home internet
00:16offerings. The company added 184,000 postpaid wireless subscribers, beating fact-set estimates
00:23of 103,900 editions. CEO Dan Schulman said Verizon is gaining subscribers through value.
00:30Rather than subsidized promotions, adjusted earnings came in at $1.30 per share, topping
00:35estimates of $1.27. Revenue of $34.3 billion missed expectations of $35.16 billion, as equipment
00:45revenue declined, as smartphone upgrade activity slowed. Shares rose 3% in pre-market trading.
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