Customer Additions Boost T-Mobile 2Q Revenue by 12.8%

T-Mobile US Inc

released its second quarter results that were driven by another quarter of over one million customer additions. As a result, its revenue grew 12.8 percent on a YOY basis and came in above the Street expectations. Its earnings, which fell YOY, also topped the expectations. The third biggest telecom service provider in the U.S. reported net income of $225 million or EPS of $0.25 for the three-month period April – June. Revenue for the same period was $9.2 billion. This was better than the Street analysts' expectations of EPS of $0.22 on revenues of $9.03 billion. T-Mobile President and CEO, John Legere, said on the results: "We outperformed the competition again on every key metric, while delivering the best postpaid phone churn numbers in our history!. Quarter after quarter this team continues to deliver results that are the best in the business despite the competition's best efforts to compete." Moving ahead, the company increased its guidance for branded postpaid net additions to 3.4 – 3.8 million from 3.2 – 3.6 million for the full year. The company also narrowed its adjusted EBITDA outlook to $9.8 - $10.1 billion from $9.7 - $10.2 billion projected by it earlier. Following the results, TMUS shares traded $1.53 or 3.40 percent higher at $46.51 in the pre-market trading.