:max_bytes(150000):strip_icc()/INV_T-MobileStore_GettyImages-1461433656-2518101a9e8441b594f722a6039b0977.jpg "T-Mobile Stock Rises After Company Lifts Expectations for Customer Growth")
:max_bytes(150000):strip_icc():format(jpeg)/INV_T-MobileStore_GettyImages-1461433656-2518101a9e8441b594f722a6039b0977.jpg)
Key Takeaways
- T-Mobile posted second-quarter revenue of $19.77 billion and earnings per share of $2.49 on Wednesday, beating analysts’ expectations.
- The company raised its full-year projection for net new customers.
- T-Mobile’s shares rose in Wednesday trading, leaving them just below 2024 highs.
T-Mobile US (TMUS) shares rose Wednesday after the company beat second-quarter revenue expectations and raised its full-year guidance for net new customers.
The telecommunications company now expects between 5.4 million to 5.7 million postpaid net customer additions for this year, up from prior guidance of 5.2 million to 5.6 million. T-Mobile also narrowed its full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization to between $31.5 billion and $31.8 billion, compared with a prior projection of $31.4 billion to $31.9 billion.
In the second quarter, T-Mobile posted 34% higher earnings per share (EPS) of $2.49 year-on-year on revenue of $19.77 billion, topping the analyst consensus of $2.26 per share on revenue of $19.55 billion, per Visible Alpha.
Net account additions were 301,000, while postpaid net customer additions came in at 1.3 million for the latest quarter.
Shares of T-Mobile were recently up about 3%, bringing their year-to-date gain to roughly 13%—just off 2024 highs seen earlier this month.