Verizon raises 2026 earnings forecast as it lifts subscriber growth outlook

Revenue rose 1.5 percent to $34.3 billion, slightly below analysts' forecasts.

Adjusted earnings per share rose to $1.31, according to the third-quarter report.

The company is also raising its forecast for 2026. Verizon expects 1.1-1.2 million new mobile subscriptions, compared with its previous forecast of 750,000-1 million. Its forecast for adjusted earnings per share has been raised to $5.04-5.06, up from $4.99-5.04.

Wall Street was still not impressed by the figures. The stock fell 3.5 percent on Monday.