Verizon raised its annual forecasts after the company added more wireless subscribers than analysts had expected, a signal that its strategy is gaining traction. The stock rose following the announcement.

The company beat subscriber expectations in the latest quarter. According to one report, Verizon pulled back on costly promotions, while other reports attribute the gains to new mobile plans.

The company is no longer a 'hunting ground'.
— Verizon (as cited by financial media)

Verizon's earnings beat expectations, according to one report, while its revenue missed estimates, according to another.