Verizon Stock Leaps After Earnings Top Expectations
Verizon increased its free cash flow forecast. (Jeenah Moon/Bloomberg News)
Verizon Communications shares rose after the telecommunications company posted third-quarter results ahead of Wall Street expectations.
Profit and earnings fell as the company faced pressure in its consumer and business operations. Verizon did increase its outlook for free cash flow for the year.
Shares of the telecom company rose more than 8% and were the best performers in the Dow industrials. The stock is on track for its largest daily percentage increase since October 2008.
