T-Mobile Analysts Raise Their Forecasts After Better-Than-Expected Q2 Results
Portfolio Pulse from Avi Kapoor
T-Mobile US, Inc (NASDAQ:TMUS) reported better-than-expected Q2 results, leading to raised FY24 guidance and increased price targets from multiple analysts. The company saw a 9.21% EPS beat and a 1.13% revenue beat, with strong postpaid net account additions and service revenues.
August 01, 2024 | 5:53 pm
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T-Mobile US, Inc (NASDAQ:TMUS) reported strong Q2 results, beating EPS and revenue estimates. The company raised its FY24 postpaid net customer additions guidance and saw increased price targets from RBC Capital, Barclays, and Benchmark.
T-Mobile's better-than-expected Q2 results and raised FY24 guidance indicate strong operational performance and future growth prospects. The positive analyst ratings and increased price targets further support a bullish outlook, likely driving short-term stock price appreciation.
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