T-Mobile tops 4Q profit forecasts
BELLEVUE, Wash. (AP) — T-Mobile US Inc. (TMUS) on Thursday reported fourth-quarter earnings of $2.71 billion.
The Bellevue, Washington-based company said it had profit of $3.11 per share. The most recent quarter includes a benefit related to tax reform plus other items related to spectrum gains and hurricane losses. Excluding one-time items, adjusted earnings came to 48 cents per share.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The wireless carrier posted revenue of $10.76 billion in the period, which did not meet Street forecasts. Fifteen analysts surveyed by Zacks expected $10.89 billion.
For the year, the company reported profit of $4.54 billion, or $5.20 per share. Revenue was reported as $40.6 billion.
T-Mobile shares have decreased 2 percent since the beginning of the year. The stock has increased slightly in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMUS at https://www.zacks.com/ap/TMUS