T-Mobile beats quarterly estimate ahead of Sprint merger decision


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T-Mobile beats quarterly estimate ahead of Sprint merger decision

On Thursday, the 6th of February 2020, the third-largest US wireless carrier, T-Mobile US Inc., headquartered in Bellevue, Washington, had beaten quarterly revenues and profits forecast for the quarter that ended on December 31st, 2019, as the US wireless carrier beefed up subscriptions at its monthly plans, however, a majority of which were coupled with a Netflix Inc.

subscription. Besides, the third-largest wireless carrier in the United States had revealed its fourth quarterly earnings’ report at a time when the data carrier had been waiting a decision of its proposed merger with Sprint Corp., which still remained subjected to a number of lawsuits arguing the merger would heighten up prices for the end-consumers.

Nonetheless, according to T-Mobile US Inc.’s fourth quarterly earnings’ report that revealed on Thursday (February 6th), the company had added more than one million paid monthly subscriptions between October and December last year, which had been well in line with an analysts’ estimate, data from research firm FactSet had revealed.

Aside from that, the Washington-based US wireless carrier had reported a 17.43 per cent rise in net income to $751 million on an annualized basis, while excluding items the wireless carrier had posted an operational profit of 87 cents, beating an analysts’ estimate of 83 cents on an average.

On top of that, as the company’s net revenue rose to $11.88 billion during the quarter that ended on December 31st, 2019, Nasdaq-listed shares’ prices of T-Mobile US Inc. were trading 2.75 per cent higher to $85.05 on Friday (February 7th) morning US trading hours after rising as much as 1.67 per cent during yesterday’s (February 6th) after-marking trading.