US Stock Market Move | Q4 user growth hits a new high since 2019 for Verizon (VZ.US), stock surges over 5% in pre-market trading.

On Friday, the stock price of American telecommunications giant Verizon (VZ.US) rose in pre-market trading, with the stock up over 5% to $41.90 by the time of writing. The company added 616,000 new mobile customers in the fourth quarter, the largest increase since 2019 and significantly higher than market expectations, indicating that the new CEO Hans Vestberg's reforms are already showing results. Additionally, the company announced a $25 billion share buyback plan and expects to add a net of 750,000 to 1 million new mobile customers this year. Financial data shows that the company's fourth quarter revenue of $36.4 billion and earnings per share of $1.09 both surpassed expectations.