NEW YORK (TheStreet) -- T-Mobile US (TMUS) - Get Report stock is down 5.05% to $39.29 in mid-morning trading on Tuesday after the company reported lower than expected earnings and revenue for the third quarter of 2015.
The company reported earnings of 15 cents per share, missing estimates of 30 cents per share
Revenue increased 6% year-over-year to $7.85 billion, but fell short of estimates of $8.29 billion.
The company added 2.3 million net customers to bring its total customers to 61.2 million by the end of the quarter.
"We've had 10 quarters in a row with over 1 million net new customers," CEO John Legere said in a statement. "Our momentum is strong and our incredible customer growth is translating directly into solid financial growth which makes it crystal clear that putting customers first is just good business."
T-Mobile increased its customer additions guidance for 2015 to between 3.8 million and 4.2 million from the previous range of 3.4 million to 3.9 million.
Separately, TheStreet Ratings team rates T-MOBILE US INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
We rate T-MOBILE US INC (TMUS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: TMUS