T-Mobile (TMUS) reported Q2 EPS of ($0.09), $0.35 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $19.7 billion versus the consensus estimate of $20.11 billion.
- Postpaid net account additions of 380 thousand, best in industry and highest in company history
- Postpaid net customer additions of 1.7 million, more than AT&T (NYSE:T) and Verizon (NYSE:VZ) combined and highest Q2 ever
- Postpaid phone net customer additions of 723 thousand, including lower churn than Verizon for first time ever
- High Speed Internet net customer additions of 560 thousand, best in industry for third consecutive quarter
GUIDANCE:
Raising merger synergies guidance range to $5.4 to $5.6 billion in 2022