T-Mobile US, Inc TMUS reported better-than-expected second-quarter financial results and raised its FY24 postpaid net customer additions guidance on Wednesday.
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.
T-Mobile US, Inc. has seen a 475% total return over the past 10 years, outperforming competitors and the S&P 500. The company achieved its highest-ever Q2 postpaid phone net additions and continues to show strong growth across various demographics. T-Mobile's network has download speeds up to three times faster than competitors, with almost six times the 5G availability, supported by aggressive investments in infrastructure.
T-Mobile (TMUS) reports a top-line expansion year over year, driven by solid demand for postpaid services.
T-Mobile blew away expectations for top-line revenues and bottom-line earnings this morning. Free cash flow also exploded higher.
Earnings Per Share (EPS) outperformed consensus analyst estimates by $0.21. Total revenue exceeded estimates by approximately $163.6 million.
T-Mobile US, Inc. (NASDAQ:TMUS ) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Mike Sievert - President, Chief Executive Officer Peter Osvaldik - Chief Financial Officer Jon Freier - President, Consumer Group Michael Katz - President, Marketing, Strategy and Products Callie Field - President, T-Mobile Business Group Kathy Au - Senior Vice President, Investor Relations Conference Call Participants John Hodulik - UBS Simon Flannery - Morgan Stanley Michael Rollins - Citi Jim Schneider - Goldman Sachs David Barden - Bank of America Craig Moffett - MoffettNathanson Jonathan Chaplin - New Street Research Kannan Venkateshwar - Barclays Brian Kraft - Deutsche Bank Peter Supino - Wolfe Research Sebastiano Petti - J.P. Morgan Operator Good morning.
The headline numbers for T-Mobile (TMUS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
T-Mobile (TMUS) came out with quarterly earnings of $2.49 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $1.86 per share a year ago.
T-Mobile US Inc (NASDAQ:TMUS, ETR:TM5) chief executive Mike Sievert described “another industry-leading quarter”, as the telecoms operator reported revenue and profit ahead of market forecasts. Revenue for T-Mobile's second quarter amounted to $19.772 billion, up from $19.196 billion last year, and comfortably better than the $19.608 billion predicted by Wall Street analysts.
The telecom company also beat revenue forecasts.
T-Mobile US TMUS -0.85%decrease; red down pointing triangle is sneaking into the cable industry's backyard.