T-Mobile US (TMUS) on Tuesday reported third-quarter earnings and revenue that topped estimates and once again topped rivals AT&T (T) and Verizon Communications (VZ) by adding more high-spending wireless customers than expected. T-Mobile stock climbed in after-hours trading.
XOwned by Deutsche Telekom (DTEGY), T-Mobile added 774,000 high-spending postpaid phone customers in the September quarter. That topped analyst estimates of 617,000 additions. AT&T added 69,000 postpaid phone customers in the September quarter. Verizon added 295,000.
T-Mobile said that adjusted earnings were 93 cents a share, up 47% from a year ago, with revenue rising 8% to $10.8 billion, topping analyst forecasts. A year earlier, T-Mobile earned 63 cents a share on sales of $10.02 billion.
T-Mobile stock climbed 3.6% to 66.20 in after-hours trading on the stock market today.
Analysts expected T-Mobile to report earnings of 85 cents on sales of $10.72 billion for the period ended Sept. 30.
Federal regulators are reviewing T-Mobile's proposed merger with Sprint (S). It reports earnings Wednesday morning.
Analysts say odds that T-Mobile's merger with Sprint will be approved seem to be improving.
T-Mobile stock has weakened during October's sell-off in technology stocks. T-Mobile stock hit an all-time high of 70.265 on Oct. 1.
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