Verizon Communications Inc. (NYSE: VZ) posted sharply higher third quarter earnings of 59 cents per share compared with 44 cents per share in the year ago period as a gain of 1.5 million wireless subscribers beat expectations. Shares of the nation's second largest telecommunications company surged $2.92 to $28.00.
Earnings Rise For Verizon
October 27, 2008 at 14:54 PM EDT