T-Mobile US, Inc. (NASDAQ:TMUS) just released its financial results for first quarter of 2017, posting earnings of $0.46 earnings per share and revenues of $9.6 billion. Currently, T-Mobile is a Zacks Rank #3 (Hold) and is up 1.9% to $65.93 per share in trading shortly after its earnings report was released.
T-Mobile:
Beat earnings estimates. The company posted earnings of 46 cents per share, beating the Zacks Consensus Estimate of 35 cents earnings per share. This number excludes 34 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $9.6 billion, topping our consensus estimate of $9.5 billion.
For Q1, T-Mobile saw an 11% growth in revenues year-over-year. The company also added 1.1 million customers in the first quarter. This is the company’s fourth consecutive year of adding more than 1 million customers each quarter; however, it’s significantly less than the 2.1 million added customers in 2016 fourth quarter and the 2.2 million in first quarter of 2016.
The company remained confident on its 2017 outlook. T-Mobile increased its guidance range for branded postpaid net additions to 2.8 million to 3.5 million from 2.4 million to 3.4 million.
The cellular provider credited its strong growth to the success of MetroPCS, which delivered 386,000 prepaid net additions.
"Q1 was no different with T-Mobile again producing the best customer and financial growth in the industry,” said President and CEO John Legere. “Add to that our recent success in the 600 MHz spectrum auction and it’s clear we’re just getting started!"
Here’s a graph that looks at T-Mobile’s latest earnings performance:
T-Mobile is a national provider of mobile communications services. Based in Bellevue, Washington, T-Mobile US operates its flagship brands, T-Mobile and MetroPCS. It currently serves approximately 44 million wireless subscribers and provides products and services through 70,000 points of distribution.
Check back later for our full analysis on T-Mobile’s earnings report!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple (NASDAQ:AAPL)'s 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
T-Mobile US, Inc. (TMUS): Free Stock Analysis Report
Original post
Zacks Investment Research