Verizon Communications Inc. upped its free-cash-flow expectations for the year, and shares of the telecommunications company were headed about 2% higher in Tuesday’s premarket trading.
Revenue fell to $33.3 billion from $34.2 billion and matched the FactSet consensus. The company reported $25.3 billion in revenue from its consumer business and $7.5 billion in revenue from its business unit. Verizon switched up its plans back in May, simplifying the array of offerings while letting consumers customize their add-on services. The company also saw some early availability of Apple Inc.’s iPhone 15 at the end of the latest quarter.
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