T-Mobile Raises 2024 Guidance, Now Expects 5.6M-5.8M Postpaid Net Customer Additions, Core Adjusted EBITDA Of $31.6B-$31.8B; Net Cash From Operations Of $22.0B-$22.3B; Adjusted Free Cash Flow Projected At $16.7B-$17.0B And Capital Expenditures Between $8.8B-$9.0B
Portfolio Pulse from Benzinga Newsdesk
T-Mobile has raised its 2024 guidance, expecting 5.6M-5.8M postpaid net customer additions, core adjusted EBITDA of $31.6B-$31.8B, net cash from operations of $22.0B-$22.3B, adjusted free cash flow of $16.7B-$17.0B, and capital expenditures between $8.8B-$9.0B.
October 23, 2024 | 8:06 pm
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POSITIVE IMPACT
T-Mobile has increased its 2024 financial guidance, indicating strong expected growth in customer additions and financial metrics. This positive outlook could boost investor confidence and potentially lead to a rise in TMUS stock price.
T-Mobile's raised guidance for 2024 suggests strong business performance, with significant increases in customer additions and financial metrics like EBITDA and cash flow. This positive revision is likely to enhance investor sentiment and drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100