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Verizon Surges 6% after All-You-Can Eat Alleviates Subscriber Losses

Shares of Verizon Communications (VZ) are up $2.65, or 6%, at $47.05, after the company this morning reported revenue that topped analysts’ expectations, and delivered profit in line with consensus, and reiterated its outlook for this year, as it managed to squeak out a gain of 614,000 postpaid “connections” in the quarter.

Verizon’s wireless service revenue dropped 7%, year over year, to $15.62 billion, but Verizon vowed to improve that...