Q3 Profit Jumps 27% as EPS Hits $3.22, Revenue Up 7.4%
TMUS is trading near its 52-week low of $143.75 (4.1% above the low).
Summary
T-Mobile posted Q3 GAAP EPS of $3.22, up from $2.41 a year ago, on net earnings of $3.455 billion versus $2.714 billion. Revenue rose 7.4% to $23.584 billion from $21.957 billion, though the company saw a decline in prepaid revenue. The results land the same day the company filed an 8-K reporting the $3.22 EPS on $19.4 billion of service revenue and raising its full-year outlook, and a 10-Q showing $22.1 billion of nine-month operating cash flow and $9.5 billion of buybacks. The print is solid, but the bigger overhang is the Reuters report that majority owner Deutsche Telekom is pausing its planned merger with T-Mobile — that headline, not the earnings, is what's driving the stock near its 52-week low.
At the time of this announcement, TMUS was trading at $149.68 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $158.8B. The 52-week trading range was $143.75 to $224.75. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.