T-Mobile Reports Mixed Q1 Results: EPS Beat, Revenue Misses
Portfolio Pulse from Erica Kollmann
T-Mobile US, Inc. (NASDAQ:TMUS) reported Q1 financial results with earnings per share of $2.00, surpassing the consensus estimate of $1.89, but missed revenue expectations with $19.594 billion against estimates of $19.811 billion. The company saw a slight decrease in sales from the previous year but reported a 6% year-over-year increase in postpaid service revenues and net account additions of 218,000. CEO Mike Sievert highlighted T-Mobile's industry-leading growth and raised guidance for 2024 postpaid net customer additions. T-Mobile shares rose 0.73% in after-hours trading.
April 25, 2024 | 9:11 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
T-Mobile reported higher than expected Q1 EPS but missed on revenue forecasts. The company saw growth in postpaid service revenues and raised its 2024 customer addition guidance.
The positive earnings per share (EPS) beat and the optimistic outlook for 2024, including raised guidance for postpaid net customer additions, are likely to positively influence investor sentiment in the short term. Despite the slight miss on revenue expectations, the company's year-over-year growth in postpaid service revenues and the after-hours stock price increase indicate strong performance and investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100