(Bloomberg) — Verizon Communications Inc. missed profit estimates while adding more than a million new wireless subscribers, a possible precursor to challenges ahead as the company races against rivals in a costly nationwide expansion of next-generation 5G wireless services.Earnings, excluding some items, totaled $1.13 a share. The number of regular monthly wireless subscribers rose by 1.25 million, which includes new phones, hot spots, smartwatches and other connected devices, according to the statement. Analysts expected earnings of $1.15 a share and 1.23 million new wireless subscribers. Revenue of $34.8 billion was ahead of estimates.Verizon’s gains in regular monthly subscribers were boosted …read more
Source:: Yahoo Finance
