Recap: T-Mobile US Q2 Earnings - T-Mobile US (NASDAQ:TMUS)

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

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.t-mobile.com%2F&eventid=3190940&sessionid=1&key=288B72EB899E4A57F02FD230D18CE2BB&regTag=&V2=false&sourcepage=register

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.

TMUST-Mobile US Inc

$185.800.31%

Overview

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.