T-Mobile crushes earnings
(T-Mobile US CEO John Legere speaks at the 2013 Consumer Electronics Show.David Becker/Getty Images)
T-Mobile US, the No. 3 US wireless carrier, reported a 17.8 percent rise in quarterly revenue as promotions helped attract more subscribers.
The company's net income rose to $366 million, or 42 cents per share, in the third quarter ended Sept. 30 from $138 million, or 15 cents per share, a year earlier. This was higher than analyst expectations of $0.22 per share.
Total revenue rose to $9.2 billion, the company said on Monday.
The company said it added 2 million new subscribers on net for the quarter, helping to drive the revenue boost.
"That’s 14 quarters in a row that T-Mobile has won share from the competition,” said CEO John Legere. “The Un-carrier is delivering. We took share and grew our customer base while producing both financial growth and shareholder value."
The stock was 2.6% higher in pre-market trading as of 7:58 a.m. ET to $48.00 per share.
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