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T-Mobile logs best-ever Q2, tops customer estimates

Published 08/01/2018, 06:19 PM
© Reuters.  T-Mobile logs best-ever Q2, tops customer estimates
TMUS
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  • T-Mobile (NASDAQ:TMUS) delivered its best Q2 ever in its latest earnings report, despite revenues that fell slightly short of expectations.
  • Shares are up 1.1% after hours.
  • Customer results topped estimates, with 1.6M total net additions; of those, 1M were branded postpaid net adds and 686,000 branded postpaid phone net adds (again leading rivals).
  • Branded postpaid phone churn was a record low 0.95%, down 15 basis points, and also led the industry.
  • Meanwhile, prepaid net adds were flat at 91,000.
  • While revenues rose 3.5%, net income grew 35%, to $782M, and EBITDA was up 7% to $3.2B.
  • Net cash from operations was $1.3B (up 14%) and free cash flow was $774M (up 61%).
  • The company boosted forward guidance again, expecting full-year branded postpaid net adds of 3M-3.6M and EBITDA of $11.5B-$11.9B.
  • Press release
  • Now read: Qorvo results top highest estimates to start fiscal year


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