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Shares of T-Mobile US (NASDAQ:TMUS) decreased 0.8% in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 766.67% year over year to $0.78, which beat the estimate of $0.53.
Revenue of $19,950,000,000 rose by 12.90% from the same period last year, which beat the estimate of $19,370,000,000.
Guidance
T-Mobile US hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Jul 29, 2021
Time: 04:30 PM
Technicals
Company's 52-week high was at $150.20
52-week low: $104.00
Price action over last quarter: Up 7.34%
Company Description
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile US. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere. T-Mobile has spent aggressively on low-frequency spectrum, well suited to broad coverage, and has substantially expanded its geographic footprint. This expansion, coupled with aggressive marketing and innovative offerings, produced rapid customer growth. With the Sprint acquisition, the firm's scale now roughly matches its larger rivals: T-Mobile now serves 65 million postpaid and 21 million prepaid phone customers, equal to nearly 30% of the retail wireless market. In addition, the firm provides wholesale service to resellers like Tracfone.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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