: T-Mobile tops profit expectations for Q3 but revenue falls short

T-Mobile US Inc. TMUS posted better-than-expected profit for the third quarter early Wednesday, but revenue fell short of consensus estimates. The phone company posted net income of $2.142 billion, or $1.82 a share, for the quarter, up from $508 million, or 40 cents a share, in the year-earlier period. Revenue fell to $19.252 billion from $19.477 billion a year ago. The FactSet consensus was for EPS of $1.70 and revenue of $19.339 billion. The company said it had postpaid phone net subscriber additions of 386,000, and postpaid net customer additions of 1.2 million. It has 85,000 postpaid phone net customer additions. The company raised its full-year guidance and now expects postpaid net customers additions of 5.7 million to 5.9 million, up from prior guidance of 5.6 million to 5.9 million. The stock rose 2% premarket and is up 0.8% in the year to date, while the S&P 500 SPX has gained 10.6%.

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