Shares of U.S. telecommunications giant Verizon rose after the company reported earnings that exceeded market expectations for profit, despite revenue falling short of forecasts. The company posted a five-year high in net postpaid mobile subscriber additions, its broadband business performed strongly, and both adjusted EBITDA and profit margins reached all-time highs. For the second consecutive quarter, management raised its full-year guidance, projecting EPS growth of 6–7% and free cash flow growth of 9–10%. However, analysts point out that Verizon’s total debt continues to climb, with net debt rising nearly 20% year-over-year, which is considered a major risk facing the company.