T-Mobile US (TMUS, Financial) experienced a significant pre-market stock price increase of over 2%, reaching $225.5. This surge sets the stage for a potential new high after the market opens.
In the third quarter, T-Mobile reported revenue of $20.16 billion, marking a 4.7% growth compared to the previous year. This figure surpassed market expectations of $20 billion. The company's net profit soared by 43% to $3.1 billion, with adjusted earnings per share reaching $2.61, also exceeding the anticipated $2.43.
T-Mobile's net addition of postpaid users was 865,000, outpacing the expected 732,900 and outperforming competitors AT&T and Verizon, which saw additions of 403,000 and 239,000, respectively.
