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 provi♚der added more customers than ant♒icipated.
The third-largest U.S. wireless company posted third quarter fiscal 2023 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:free cash flow was the highest in its history.
CEO Mike Sievert praised T-Mobile’s expansion of 5G service to cover 300 million customers, which it accomplished two months ahead🐼 of s꧂chedule. He said none of its rivals have stated plans to match that.
The company now anticipates full-year earnings before interest, taxes, depreciation, and a🧸mortization (EBITDA) between $29 billion and $29.2 billion, up from its previo🔴us $28.9 billion to $29.2 billion. It also projects net postpaid 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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