Strong Customer Retention Drives Verizon's Q3 Earnings

Verizon's third quarter earnings beat market expectations, as the carrier benefited from improved customer retention and decent postpaid subscriber adds for its wireless business, as well as strong uptake of its FiOS services. The results are encouraging, as they come at a time when smaller rivals such as Sprint and T-Mobile have stepped up promotional activity, as they court an increasingly limited number of new customers in a mature U.S. wireless market. Below we review the performance and out...