T-Mobile US, Inc. (TMUS) has reported a notable increase in its third-quarter earnings compared to the previous year, surpassing Wall Street's expectations.
For the quarter, the company's net income rose to $3.1 billion, or $2.61 per share, from $2.1 billion, or $1.82 per share, in the same period last year. On average, analysts had projected earnings of $2.42 per share, based on a consensus from Thomson Reuters. It's worth noting that these estimates generally exclude any extraordinary items.
Additionally, the company's revenue saw a 4.7% growth, reaching $20.162 billion, up from $19.252 billion in the prior-year quarter.
Summary of T-Mobile US, Inc.'s Third Quarter Financial Performance (GAAP):
- Net Income: $3.1 billion compared to $2.1 billion last year
- Earnings Per Share (EPS): $2.61 compared to $1.82 last year
- Revenue: $20.162 billion compared to $19.252 billion last year
