Verizon's third-quarter revenue grows as people continue to upgrade to 5G phones

Verizonis making progress upgrading its user base to5Gphones.

In July the company said it hadupgraded “approximately 20%” of its wireless customersto new devices.

The continued boost in 5G adoption once again helped grow Verizon’s revenues in the quarter.

The carrier reported an adjusted earnings-per-share of $1.41 on revenues of $32.9 billion.

Analysts, as polled byYahoo Finance, expected an EPS of $1.36 with revenues of $33.2 billion.

Shares of Verizon were up by more than 2% in morning trading.

The promotions seem to still be working.

During the quarter the company’s consumer division reported a net addition of 423,000 wireless postpaid customers.

Of that number, 267,000 were phones and 223,000 were “other connected” devices.

The carrier lost 67,000 tablet users during the period.