India, April 27 -- Shares of Verizon Communications Inc. were gaining around 3 percent in the early morning trading on the NYSE after the telecom major on Monday lifted fiscal 2026 adjusted earnings outlook after reporting higher profit and revenues for its first quarter. The company said it achieved highest quarterly adjusted EBITDA in company history, and delivered its first positive first-quarter postpaid phone net adds since 2013.
Verizon CEO Dan Schulman stated, "Our first-quarter 2026 results show that our turnaround is not only progressing, it is gaining momentum... Given our strong performance and momentum, we are raising our 2026 Adjusted EPS guidance to year-over-year growth of 5.0 to 6.0 percent and we now expect our total retai...