T-Mobile Reports Lower-than-expected Earnings, Strong Customer Growth
Mobile US Inc. shares were down nearly 2% in pre-market trade Tuesday, following the wireless phone company's third-quarter earnings report. T-Mobile reported net income of $138 million, or 15 cents per share, compared with a loss of $94 million, or 12 cents loss per share in the year-prior period. The FactSet consensus for per-share earnings was 29 cents. Revenue increased 7% compared with last year, to $7.8 billion; FactSet consensus was $8.3 billion. The company reported adding 2.3 million customers in the quarter, making it the 10th consecutive quarter of over 1 million net adds, and the fastest growing wireless company in America, according to a news release. T-Mobile reported 61.2 million total customers at the end of the third quarter. Shares of T-Mobile are up more than 53% in the year to date, outperforming the S&P index, which is up 0.6%.
Copyright © 2015 MarketWatch, Inc.