Verizon Shares Leaps After Earnings Top Expectations

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Verizon Communications shares rose after the telecommunications company posted third-quarter results ahead of Wall Street expectations.

Profit and earnings fell as the company faced pressure in its consumer and business operations. Verizon did increase its outlook for free cash flow for the year.

Shares of the telecom company, down about 20% on the year, rose 5.3% in premarket trading.

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