T-Mobile Stock Rises After Company Lifts Expectations for Customer Growth

T-Mobile US (TMUS) shares roseate Wednesday aft nan institution hit second-quarter gross expectations and raised its full-year guidance for nett caller customers.

The telecommunications institution now expects betwixt 5.4 cardinal to 5.7 cardinal postpaid nett customer additions for this year, up from anterior guidance of 5.2 cardinal to 5.6 million. T-Mobile besides narrowed its full-year guidance for adjusted net earlier interest, taxes, depreciation and amortization to betwixt $31.5 cardinal and $31.8 billion, compared pinch a anterior projection of $31.4 cardinal to $31.9 billion.

In nan 2nd quarter, T-Mobile posted 34% higher earnings per stock (EPS) of $2.49 year-on-year connected gross of $19.77 billion, topping nan expert statement of $2.26 per stock connected gross of $19.55 billion, per Visible Alpha.

Net relationship additions were 301,000, while postpaid nett customer additions came successful astatine 1.3 cardinal for nan latest quarter.

Shares of T-Mobile were precocious up astir 3%, bringing their year-to-date summation to astir 13%—just disconnected 2024 highs seen earlier this month.