T-Mobile Shares Pop 4% Following Q2 Earnings Above Wall Street Expectations

By Markets MarketWatch Pulse

Shares of T-Mobile US Inc. saw a more than 4% pop in premarket trade Wednesday after the wireless phone company reported second quarter earnings that beat Wall Street expectations. T-Mobile said net income for the quarter amounted to $225 million, or 25 cents per share, compared with $479 million, or 42 cents share during the same quarter a year ago. The FactSet consensus on earnings per share was 20 cents. Revenue for the quarter rose 12.8% to $9.20 billion. The FactSet revenue consensus was $9.02 billion. The company said it added 1.9 million customers in the quarter, making it the 13th consecutive quarter adding more than one million customers. Shares of T-Mobile are up nearly 15% in the year to date, outperforming the S&P 500 Index , which is up more than 6%.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.