T-Mobile: 2Q Earnings Snapshot
Aug. 01, 2018
BELLEVUE, Wash. (AP) _ T-Mobile US Inc. (TMUS) on Wednesday reported second-quarter net income of $782 million.
On a per-share basis, the Bellevue, Washington-based company said it had net income of 92 cents.
The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The wireless carrier posted revenue of $10.57 billion in the period, missing Street forecasts. Fifteen analysts surveyed by Zacks expected $10.64 billion.
T-Mobile shares have decreased 6.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.36, a decline of almost 6 percent in the last 12 months.