Verizon’s stock is having its best day in over a year. Here’s the big highlight from earnings.

While Verizon Communications Inc. came up short on a key subscriber metric in the latest quarter, it boosted several elements of its financial forecast for the full year — including its expectations for free cash flow — and saw its stock soar Monday.

Shares of Verizon

VZ were up 5.2% in afternoon trading Monday after the company said it expects $19.5 billion to $20.5 billion in free cash flow for the full year, whereas it was previously modeling $17.5 billion to $18.5 billion. The stock is on track for its largest one-day percentage gain since it advanced 6.7% on Jan. 23, 2024, according to Dow Jones Market Data.