T-Mobile stock hits 52-week high following strong Q3 earnings release

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T-Mobile stock hits 52-week high following strong Q3 earnings release
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T-Mobile's strong third-quarter earnings report propels the stock to a new 52-week high and a close at $151.

combined. Postpaid phone churn, the percentage of customers that left T-Mobile for another carrier, improved to .88% making it the only wireless operator to show improvement in churn on a year-over-year basis.

With an industry-leading 7% annual hike in postpaid services growth, T-Mobile collected $15.4 billion in services revenue, up 4% year-over-year. Total revenue of $19.48 billion was down slightly from the year-earlier $19.62 billion. Net income of $508 million, and diluted earnings per share of 40 cents were down from $723 million and 55 cents for the same quarter last year.Earnings were impacted by $972 million, or $0.77 per share because of costs related to the Sprint merger.

 

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