T-Mobile Reports Better Than Expected Q4, Shares Tick Higher

Shares of

were trading higher by more than 1.50 percent early Wednesday morning after the company reported its

. T-Mobile said that it earned $0.34 per share in the fourth quarter on revenue of $8.24 billion. Wall Street analysts were expecting the company to earn $0.15 per share on revenue of $8.2 billion. T-Mobile noted that it recorded 2.1 million total net adds in the fourth quarter and 8.3 million net adds for the full fiscal year. The company also recorded 1.3 million branded postpaid net adds in the quarter and 4.5 million throughout the full fiscal year. Branded postpaid churn was 1.46 percent in the quarter, down 27 basis points year over year while average revenue per user fell slightly to $48.05 in the quarter from $48.26 a year ago as the company introduced new promotions. Net income for the quarter rose to $287 million from $101 million in the same quarter a year ago. Net income for the full fiscal year also rose to $733 million from $247 million a year ago. "T-Mobile is #1 in postpaid phone growth, #1 in service revenue growth, #1 in Adjusted EBITDA growth, not to mention #1 in customer care and #1 in network speed," said John Legere, President and CEO of T-Mobile. "We set out to change this industry, we're well on our way and we won't stop."