T-Mobile’s second quarter report results were released on Wednesday, July 19th. The telecommunications company surpassed analyst expectations in many ways.
In its second quarter of 2017, T-Mobile (NASDAQ:$TMUS) saw 786,000 new phone subscribers who pay a monthly bill — an increase from the 646,000 new subscribers in 2016’s second quarter. On average, analysts predicted an addition of 607,000 new subscribers according to FactSet.
T-Mobile’s net income also saw quite an increase from the $225 million, or 25 cents per share, the company saw in 2016’s second quarter. In 2017’s second quarter, T-Mobile’s net income was $581 million, or 67 cents per share. Compared to last year’s income, this year was a dramatic increase. It also greatly exceeded the average analysts’ expectation of a 38 cents per share earning, according to Thomson Reuters I/B/E/S.
Total revenue of the company reached $10.21 billion, an increase from $9.29 billion.
Despite a strong report, however, T-Mobile’s shares did not change much in after-hours trading. However, investors should still keep an eye on the stock in case it spikes tomorrow.
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