NEW YORK (TheStreet) -- T-Mobile (TMUS) - Get Report shares are down 0.18% to $34 in early market trading on Tuesday after the telecommunications company reported its first quarter earnings results before the opening bell today.

For the quarter, the company reported losing $63 million which translates to a net loss of 9 cents per diluted share on an adjusted basis. Analysts were modeling for the company to report a loss of 7 cents per share.

The company generated $7.78 billion in revenue during the quarter, a 13.1% increase over the same period last year, which topped analysts $7.7 billion expectations for the period.

The company added 1.8 million subscribers during the quarter to report that it had 56.8 million total paying customers, allowing it to pass Sprint (S) - Get Report as the third largest mobile company in the U.S. Sprint reported having 55.9 million subscribers in February.

The company added 1.1 million monthly subscribers in the first quarter this year, topping analysts' 930,000 consensus estimates.

"We've had eight consecutive quarters with more than one million total net customer additions proving that customers want value," said John Legere, President and CEO of T-Mobile. "We expect to once again capture all of the industry's postpaid phone growth in Q1 and we've done it while delivering an all-time record low 1.3% churn. #WeWon'tStop."

TheStreet Ratings team rates T-MOBILE US INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate T-MOBILE US INC (TMUS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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