Verizon Reports Phone Subscriber Gains Under New CEO

Verizon Communications Inc. surprised analysts Monday when it reported a gain of mobile subscribers, an early signal that new Chief Executive Officer Dan Schulman’s strategy for recapturing market share is already paying off.

The largest US wireless carrier recorded 55,000 net new mobile phone customers, the first positive phone subscriber additions in a first quarter since 2013 and a year-over-year improvement of 340,000. Analysts had projected 89,169 customer losses.