T-Mobile US Shares Rebound This Morning After Reporting Q2 Earnings
T-Mobile US (NASDAQ:TMUS) reported quarterly earnings of $1.86 per share which beat the analyst consensus estimate of $1.69 by 10.06 percent. This is a 2166.67 percent increase over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $19.20 billion which missed the analyst consensus estimate of $19.33 billion by 0.69 percent. This is a 2.56 percent decrease over sales of $19.70 billion the same period last year.
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NewsTranscript
00:00 All right, well, here's an easy one.
00:01 Let's go to T-Mobile.
00:02 T-Mobile's US Q2 EPS at $1.86 beats the $1.69 estimate.
00:07 Sales of 19.2 billion, missed the 19.33 billion estimate,
00:13 but everything here looking good underneath the hood.
00:17 Post-paid net accounts, everything there looking great.
00:21 Post-paid phone net customer additions of 760,000.
00:25 Best in industry, best Q2 in eight years.
00:29 T-Mobile, best of breed.
00:31 - Best of breed for sure if you're comparing it
00:34 to AT&T and Verizon, but that's not saying much.
00:36 I just don't like this industry.
00:38 Even though T-Mobile might be the best of the three,
00:40 I don't like this industry.
00:41 I just stay away from it.
00:42 - Little overshoot on the downside when you got under 137,
00:47 but you have a pair of lows in that area
00:50 if you get back down 137.30.
00:53 And then on the upside, look for a possible gap fill
00:57 at the bottom of yesterday's range at 139.39.