Verizon Beats Q3 Estimates, Raises Cash Flow Outlook on Wireless and Broadband Growth
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Verizon reported Q3 results beating expectations on sales and EPS.
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Wireless service revenue grew 2.9% driven by TracFone acquisition and pricing.
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434,000 total broadband net additions driven by fixed wireless and Fios demand.
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Reiterated 2022 guidance for wireless service revenue growth and adjusted EPS.
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Raised free cash flow guidance to above $18 billion.
