Verizon Beats Q3 Earnings Estimates, Adds More Phone Customers Than Expected

Verizon reported Q3 earnings and revenue that beat analyst estimates.

Wireless service revenue grew 2.9% to $19.3 billion vs. estimates of $19.2 billion.

Verizon added 100,000 postpaid phone customers, far exceeding expectations.

Free cash flow jumped 28% to $6.7 billion, beating projections.

Verizon raised its full-year free cash flow outlook by $1 billion to $18 billion.