T-Mobile (TMUS) Stock Climbs on Q2 Earnings, Revenue Beat
NEW YORK (TheStreet) -- Shares of T-Mobile U.S. (TMUS) - Get Report are rising 1.71% to $45.75 in pre-market trade after the company reported 2016 second quarter earnings and revenue before the opening bell today that soared past analysts' expectations.
T-Mobile reported earnings of 25 cents per diluted share for the 2016 second quarter. Wall Street was looking for the company to earn 20 cents per share.
The Bellevue, WA-based company reported revenue of $9.22 billion for the period, beating estimates of $9.03 billion. In the second quarter T-Mobile added 1.9 million net new customers.
Adjusted ABITDA guidance for the fiscal year 2016 is now between $9.8 billion-$10.1 billion, vs. previous forecasts of $9.7 billion-$10.2 billion.
"We outperformed the competition again on every key metric, while delivering the best postpaid phone churn numbers in our history," said CEO John Legere.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins.
TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.
You can view the full analysis from the report here: TMUS