T-Mobile US (TMUS) reported first-quarter earnings that exceeded expectations while revenue fell short. The company saw an increase in wireless subscriber additions that surpassed projections, leading to a slight uptick in T-Mobile stock.
For the quarter ending March 31, T-Mobile’s earnings rose by 26% to $2 per share on an adjusted basis. However, revenue decreased by 0.2% to $19.59 billion compared to the previous year. Analysts had anticipated adjusted earnings of $1.87 per share on revenue of $19.81 billion. In the same period last year, T-Mobile earned $1.58 per share on revenue of $19.63 billion.
T-Mobile also reported the addition of 532,000 postpaid phone subscribers in the first quarter, exceeding estimates of 477,000. This was a slight decline from the 538,000 postpaid phone subscribers added in the previous year. Additionally, Q1 EBITDA increased by 8% to $7.6 billion, surpassing estimates of $7.56 billion.
In the first quarter, T-Mobile added 405,000 5G broadband customers, a decrease from the 523,000 added in the same period last year. The company is controlled by Deutsche Telekom (DTEGY) and has a Relative Strength Rating of 65 and is trading about 4% below its entry point of
In a landmark ruling, a U.S. District Court judge in Salem, Oregon determined that the…
The "Tasjeel" centers of the "ENOC" group have been conducting vehicle inspections for over 25…
Georgian President Salome Zurabishvili has vetoed the bill “On Transparency of Foreign Influence” adopted by…
Vietnam currently meets around 60% of the demand for preventive and curative drugs, a 10%…
The head of the US deposit insurance company FDIC, Martin Gruenberg, is facing political challenges…
As international aid continues to pour into Gaza, the Israeli offensive on Rafah escalates. The…