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

  • 📰 PhoneArena
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 322. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines