T-Mobile Shares Fall After Lower Than Expected Results

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T-Mobile, which is currently the number 3 mobile carrier in US, has reported quarterly results with lower than expected revenue.

The shares of the company which had gained about 54 percent this year saw a decline of 1.9 percent in premarket trading and were seen trading at $40/60.

The average revenue of T-Mobile fell from $49.84 earlier  year to $47.99 for the quarter ending on September 30.

However, T-Mobile keeps adding more users and has even raised its guidance for net additions to its customers third time and now expects to add up to 4.2 million users from earlier forecast of 3.9 million. T-Mobile added 2.3 million net new users this quarter.

T-mobile has offered some attractive pricing plans to lure in customers like more data allotments, and $5 trade-in plans for Apple iPhone 6. It also offered free music streaming to get customers away from AT&T and Verizon.

The company has reported a net income of $138 million compared with a net loss of $94 million a year ago. The profit this quarter has come to 15 cents per share whereas the analysts had expected a profit per share of 15 cents. The total revenue saw an increase of 6.8 percent to $7.85 billion.

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