Verizon’s stock rises as the company posts surprise subscriber growth under new CEO

verizon's stock rose after the company reported surprise subscriber growth in its first quarter under new ceo. earnings per share beat expectations, though revenue fell short. the telecom added more wireless subscribers than analysts had predicted, a reversal from recent quarters where it had been losing ground to rivals like t-mobile. the new ceo took over in january and has been pushing to stabilize the business after a period of customer churn. verizon also reaffirmed its full-year guidance, which helped calm investor nerves.