Cramer: Old Empires, Verizon and AT&T, Strike Back

Are the empires striking back? This morning Verizon (VZ) reported earnings that were spot on, with a very good gain in new subscriptions. Shockingly, the company added 614,000 wireless postpaid subs. That's versus a 307,000 decline last quarter and a forecast of less than 100,000 ads. Wow, what a difference. It's clear that the unlimited data plan Verizon started offering to stem subscriber losses is working as the company's, churn, a measure of people departing for other carriers, was very low. It looks like the company's gotten back into growth mode, a rather incredible 90-day turnaround.

This terrific Verizon number comes on the heels of a shockingly better-than-expected AT&T (T) number, where record low churn of 0.79% and a very good total addition of 2.3 million users surprised positively, although it still lost 89,000 net post-paid subs, which is the preferred metric from the group....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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