DJ T-Mobile Says It Added The Most Customers In Four Years -- MarketWatch
Shares of T-Mobile US Inc. (TMUS) fell nearly 2% in the extended session Thursday after the company beat Wall Street expectations for its fourth quarter but said expenses, including those related to its merger with Sprint, increased. T-Mobile said it earned $750 million, or 60 cents a share, in the fourth quarter, compared with earnings of 87 cents a share in the year-ago quarter. Rising expenses were partially offset by higher revenues, the company said. Revenues rose to $20.3 billion, from $11.9 billion a year ago. Analysts polled by FactSet expected GAAP EPS of 51 cents a share on sales of $19.9 billion. Net additions for the quarter totaled 1.7 million, which the company called "best in industry." Full-year net additions reached 5.6 million, the highest in four years, T-Mobile said. T-Mobile said it expects postpaid net customer additions between 4 million and 4.7 million for 2021, and an adjusted EBITDA of $26.5 billion and $27 billion. Shares of T-Mobile ended the regular trading day up 1%.
(END) Dow Jones Newswires
February 04, 2021 17:04 ET (22:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.