T-Mobile's EPS rises 8.6% YoY to $1.01

Monday, 28. October 2019 21:07

T-Mobile announced on Monday that its earnings came in at $1.01 per share for the third quarter, an improvement of 8.6% year-over-year. The company's revenue in the three months ending September reached $11.06 billion, increasing 2%, but failed to meet the estimations of $11.32 billion.

The mobile telecommunications giant had net income of $870 million in the reporting period or 9.4% more year on year. Meanwhile, net cash provided by operating activities grew 91% on an annual basis in the third quarter to reach $1.7 billion. Net additions amounted to 1.7 million, marking the 26th consecutive quarter of adding more than one million customers.

"Our team has been hard at work deploying 600 MHz spectrum and we have accelerated our plans to launch a foundational layer of 5G nationwide later this year," chief executive John Legere said and highlighted postpaid phone net additions of 754,000.

Related Links: T-Mobile US, Inc.
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Breaking the News / GA