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T-Mobile US Beats Earnings Estimates as It Adds More Customers Than Expected

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Key Takeaways

  • T-Mobile U.S. beat earnings estimates and raised its outlook as it added more customers than analysts had expected.
  • The third-biggest U.S. wireless provider reported record free cash flow.
  • T-Mobile U.S. raised its low-end guidance for full-year EBITDA and net postpaid customer additions.

T-Mobile U.S. (TMUS) reported better-than-expected profit and boosted the low end of its guidance as the mobile phone provider 🐈added more customers than anticipated.

The third-largest U.S. wireless company posted third quarter fiscal 2023 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.82, beating estimates. Revenue fell 1.2% from the same period a year ago to $19.25 billion, in line with forecasts.

T-Mobile added 850,000 postpaid mobile phone customers, while analysts were looking for a gain of 780,400. The company indicated its $4 billion in 澳洲幸运5官方开奖结果体彩网:free cash flow was the highest in its history.

CEO Mike Sievert praised T-Mobile’s expan𒁏sion of 5G service to cover 300 million customers, which it accomplished two months ahead of schedule. He said none of its rivals have stated plans to match that.

The company now anticipates full-year ear꧂nings before interest, taxes, depreciation, and amortizationဣ (EBITDA) between $29 billion and $29.ꦯ2 billion, up from its previous $28.9 billion to $29.2 billion. It also projects net postp𒆙aid customer additions of 5.7 million to 5.9 million, versus the earlier 5.6 million to 5.9 million.

Shares of T-Mobile U.S. were little changed in early trading Wednesday following the news, and were up close to 2% year-to-date. 

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