NEW YORK (TheStreet) -- T-Mobile (TMUS) was gaining 8.3% to $31.70 Thursday after adding 1.3 million new postpaid subscribers in the first quarter and on reports that Sprint (S) is preparing to make a bid for the carrier.
T-Mobile raised its forecast for new postpaid subscribers for the year to between 2.8 million and 3.3 million from between 2 million and 3 million.
The carrier reported a net loss of -$151 million, or 19 cents a share, for the quarter. Revenue grew 15.3% to $6.87 billion in the quarter. Analysts surveyed by Thomson Reuters expected revenue of $6.92 billion.Must read: Warren Buffett's 10 Favorite Growth Stocks SELL NOW: If you own any of the 900 stocks that TheStreet Quant Ratings has identified as a 'Sell'...you could potentially lose EVERYTHING in the next 6-12 months. Learn more. STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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