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Story summary
- Verizon announced a partnership with Amazon Web Services worth more than $2 billion for AI infrastructure.
- Verizon added 406,000 postpaid phone subscribers in Q3, far above analysts’ estimate of about 195,000.
- Adjusted earnings per share rose 8.3% to $1.31, beating Wall Street’s $1.27 expectation.
- Free cash flow grew 12.1% to $7 billion.
- Verizon raised its full-year adjusted EPS outlook to $5.04-$5.06 per share.