{"id":29217,"date":"2023-10-24T19:28:33","date_gmt":"2023-10-24T19:28:33","guid":{"rendered":"https:\/\/microloannexus.com\/news\/verizon-stock-soars-toward-its-best-day-in-almost-15-years\/"},"modified":"2023-10-24T19:28:34","modified_gmt":"2023-10-24T19:28:34","slug":"verizon-stock-soars-toward-its-best-day-in-almost-15-years","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=29217","title":{"rendered":"Verizon stock soars toward its best day in almost 15 years"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Verizon<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> stock is up more than 8%, putting it on track for its best daily performance in almost 15 years.<\/p>\n<p>The company beat analysts&#8217; expectations for both adjusted earnings per share and revenue for the third quarter, based on a survey of analysts by LSEG, formerly known as Refinitiv.<\/p>\n<p>Verizon posted revenue of $33.34 billion, versus the estimated $33.25 billion, and adjusted earnings per share of $1.22, versus the $1.18 estimate. Verizon also beat Wall Street&#8217;s expectations for its postpaid phone net additions, adding 100,000 compared to the 62,000 consensus estimate among analysts polled by StreetAccount.<\/p>\n<p>Verizon also adjusted its 2023 outlook, saying it expects free cash flow to total more than $18 billion, a $1 billion increase from previous guidance.<\/p>\n<p>The last time Verizon had its stock jump like this, the company had not even launched its 4G LTE wireless network in the U.S. The two-day surge came in October 2008 with back-to-back daily increases of 10.1% and 14.6%, respectively.<\/p>\n<p><em><strong>Don&#8217;t miss these CNBC PRO stories:<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/10\/24\/verizon-stock-soars-toward-its-best-day-in-almost-15-years.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Verizon stock is up more than 8%, putting it on track for its best daily performance in almost 15 years. The company beat analysts&#8217; expectations for both adjusted earnings per share and revenue for the third quarter, based on a survey of analysts by LSEG, formerly known as Refinitiv. Verizon posted revenue of $33.34 billion,<\/p>\n","protected":false},"author":1,"featured_media":29218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-29217","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Verizon stock soars toward its best day in almost 15 years | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Verizon stock is up more than 8%, putting it on track for its best daily performance in almost 15 years.The company beat analysts&#039; expectations for both\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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