T-Mobile Shares Jump After Solid Earnings, Robust 2021 Outlo

T-Mobile Shares Jump After Solid Earnings, Robust 2021 Outlook


T-Mobile said diluted earnings for the three months ending in March were pegged at $74 cents per share, down 32.7% from the same period last year but well ahead of the Street consensus forecast of 57 cents per share. Group revenues also impressed, rising 78% to a forecast-beating $19.8 billion, thanks in part to postpaid net additions of 1.2 million, including 784,000 new phone customers
Average revenue per postpaid user was up 3.25% to $47.30, T-Mobile said, a figure its expects will be the "low watermark for this year" and rise about first quarter levels for the remainder of 2021.
Looking into the 2021 financial year, T-Mobile said it sees the postpaid additions number rising to between 4.4 million and 4.9 million and free cash flow of between $5.1 billion and $5.5 billion.

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