T-Mobile Sees FY24 Postpaid Net Customer Additions To 5.2M-5.6M, An Increase From Prior Guidance Of 5.0M-5.5M
Portfolio Pulse from Benzinga Newsdesk
T-Mobile has updated its FY24 postpaid net customer additions forecast to 5.2M-5.6M, up from the previous 5.0M-5.5M. Additionally, the company raised its core Adjusted EBITDA guidance to $31.4 billion to $31.9 billion, from the earlier range of $31.3 billion to $31.9 billion.
April 25, 2024 | 8:10 pm
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T-Mobile has raised its FY24 guidance for postpaid net customer additions and core Adjusted EBITDA, indicating stronger than expected performance.
Raising guidance typically signals management's confidence in the company's future performance. For T-Mobile, increasing both postpaid net customer additions and core Adjusted EBITDA forecasts suggests a positive outlook, likely leading to increased investor confidence and potentially a positive impact on the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100