Why T-Mobile US Stock Rose on Thursday
Shares of T-Mobile US (NASDAQ: TMUS) jumped as much as 7.6% higher on Thursday morning, following the release of strong second-quarter results. As of 1:20 p.m. ET, the stock cooled down slightly to a 6.5% price increase.
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T-Mobile added 1.7 million postpaid net customers in the second quarter, led by a doubling of sign-ups for the premium-priced Experience Beyond plan. As a result, sales rose 6.9% year over year to $21.1 billion, just above the consensus analyst target at $21 billion. Earnings jumped from $2.49 to $2.84 per share, stumping the Street view of approximately $2.68.
Source Fool.com
