Verizon Communications Inc reported its Q3 FY23 results, showing a sales decline of 2.6% YoY to $33.34 billion, beating the consensus of $33.25 billion. Adjusted EPS of $1.22 also beat the consensus of $1.18. The company reported total wireless service revenue of $19.3 billion, up 2.9% YoY, and ended the quarter with approximately 10.3 million broadband subscribers, up 21% YoY. Verizon reiterated a 2.5% - 4.5% wireless service revenue growth and expects free cash flow above $18 billion, a $1 billion increase from the previously issued guidance. Following the announcement, VZ shares traded higher by 3.82% at $32.59 in premarket.