Mobile US Inc. shares climbed 5.6% in premarket trade Thursday, after the company blew past estimates for its second quarter. The company reported net income of $361 million, or 42 cents a share, in the quarter, down from $391 million, or 48 cents a share, in the year-earlier period. Revenue climbed 14% to $8.2 billion. The FactSet consensus was for EPS of just 19 cents and revenue of $8.0 billion. The company had a loss of $63 million in the first quarter, but now expects to be profitable for all remaining quarters of 2015. The second-quarter results reflect low churn and strong growth in customer metrics, Chief Executive John Legere said in a statement. T-Mobile added 2.1 million customers in the quarter, bringing the total to 58.9 million. Branded postpaid net customers additions came to 1 million, comprising 760,000 phone net customer additions and 248,000 mobile broadband net customer additions. The company raised its full-year subscriber outlook to 3.4 million to 3.9 million branded postpaid net additions and said it is sticking with its goal of adjusted EBITDA of $6.8 billion to $7.2 billion. Shares have gained 37% in the year so far, while the S&P 500 is up 2.4%.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below