T-Mobile US reported mixed fourth-quarter financial results as earnings missed estimates while revenue for TMUS stock edged by views. Wireless subscriber additions topped AT&T and Verizon Communications.
T-Mobile earnings, reported after the market close Thursday, jumped 41% to $1.67 per share from a year earlier on an adjusted basis.
The wireless services provider said revenue edged up a fraction to $20.48 billion.
Analysts polled by FactSet expected T-Mobile to report adjusted earnings of $1.91 a share on revenue of $19.67 billion. In the year-earlier period, T-Mobile earned $1.18 cents on revenue of $20.27 billion.
TMUS Stock: Wireless Adds Top AT&T, Verizon
T-Mobile said it added 934,000 postpaid phone subscribers vs. estimates of 874,000. A year earlier it added 927,000 postpaid phone subscribers.
T-Mobile topped AT&T, which added 526,000 postpaid phone subscribers, and Verizon, which added 449,000.
In addition, T-Mobile said Q3 EBITDA — earnings before interest, taxes, depreciation and amortization — came in at $7.22 billion vs. estimates of $7.26 billion.
On the stock market today, TMUS stock rose 1.1% to 164.42 in morning trading.
For 2024, T-Mobile forecast EBITDA growth of 9%, above consensus estimates of 8% to $31.63 billion.
"Guidance for 2024 is 5 million to 5.5 million postpaid customer adds, on par with last year, with half being phones," said Oppenheimer analyst Tim Horan in a report. "Fiscal 2024 EBITDA is expected to grow 9%, three times faster than peers."
In Q4, T-Mobile said it added 541,000 5G wireless broadband customers. It had 4.8 million high-speed internet customers at the end of 2023.
Controlled by Deutsche Telekom, T-Mobile holds a Relative Strength Rating of 72 out of a best-possible 99, according to IBD Stock Checkup. T-Mobile stock was up 1% in 2024 heading into the T-Mobile earnings report.
Follow Reinhardt Krause on X, formerly called Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
