T-Mobile Q4 Earnings Rundown: EPS Miss, Revenue Beat, CEO Sees 'Room To Run' And More
Portfolio Pulse from Adam Eckert
T-Mobile US Inc (NASDAQ:TMUS) reported Q4 results with revenue of $20.48 billion, surpassing the consensus estimate of $19.64 billion, but missed EPS estimates with $1.67 versus the expected $1.90. The company saw postpaid net account additions of 299,000 and customer additions of 1.6 million, with a churn rate of 0.96%. Operating cash flow was $4.9 billion and adjusted free cash flow was $4.3 billion. CEO Mike Sievert highlighted a historic year and anticipates growth, with a 9% increase in core adjusted EBITDA, 18% in operating cash, and 22% in adjusted free cash flow for 2024. After hours, TMUS shares dropped 2.27% to $158.87.
January 25, 2024 | 9:22 pm
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T-Mobile reported higher Q4 revenue but missed EPS estimates. They showed strong customer and cash flow growth, with positive projections for 2024. However, shares fell 2.27% after hours.
The mixed earnings report with a revenue beat but an EPS miss typically leads to uncertain market reactions. The after-hours stock price decline suggests a negative short-term impact. However, the positive outlook for 2024 could mitigate some of the negative sentiment.
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IMPORTANCE 90
RELEVANCE 100