T-Mobile (NASDAQ: TMUS ) reported Q1 EPS of 57c, down from 74c in the year-ago period and smashing the analyst expectations of 26c per share. Revenue came in at $20.12 billion, up 1.8% YoY and in line with the consensus estimates.
TMUS stock price is up over 2% after the results.
Service revenue totaled $15.13 billion, up 6.6% YoY and above the expected $14.82 billion. The company added total net customers of 1.38 million, just above the analyst estimates of 1.3 million.
Prepaid net customer additions totaled 62,000, missing the analyst expectations of 70,948. Postpaid net customer additions stood at 1.32 million, above the expected 1.1 million.
For the full year, T-Mobile expects postpaid net customers to be in the range of +5.3 million to +5.8 million, compared to the consensus estimates of +5.3 million.
Adjusted EBITDA is expected in the range of $25.8 billion to $26.2 billion, compared to the previous guidance of $25.60 billion to $26.10 billion and analyst estimates of $26.47 billion.
The telecommunications company is also boosting its merger synergies forecast range to $5.2 billion to $5.4 billion in 2022, up from the previous guidance of $5.0 billion to $5.3 billion.
Goldman Sachs analyst Brett Feldman said TMUS delivered “solid” results.
“We expect a positive reaction in the stock to reflect the beats to all key operating and financial metrics as well as TMUS’s improved 2022 outlook. We also expect that management’s commentary on the call about the overall level of growth and competition they are seeing at an industry level could impact how the stock trades, following diverging commentary last week on the industry backdrop by AT&T (NYSE: T ) and Verizon (NYSE: VZ ),” Feldman told clients.
By Senad Karaahmetovic
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.