T-Mobile Report Strong, Expect a Positive Reaction – Goldman Sachs
2022.07.27 19:53
T-Mobile (TMUS) Report Strong, Expect a Positive Reaction – Goldman Sachs
By Sam Boughedda
T-Mobile (NASDAQ:TMUS) reported earnings before the bell Wednesday, missing analyst expectations. However, its guidance increase boosted its share price by more than 4%.
The wireless network operator reported a second-quarter loss per share of $0.09, $0.35 worse than the analyst estimate of $0.26. Meanwhile, revenue for the quarter came in at $19.7 billion, lower than the consensus estimate of $20.11 billion.
T-Mobile also reported postpaid net account additions of 380,000, postpaid net customer additions of 1.7 million, more than AT&T (NYSE:T) and Verizon (NYSE:VZ) combined and its highest ever in the second quarter, and high-speed internet net customer additions of 560,000.
Following the report, a Goldman Sachs said: “T-Mobile (Buy, on CL) reported strong 2Q22 results that beat on most key subscriber metrics and financial line items, and raised 2022 guidance across the board, including for postpaid net adds and core Adjusted EBITDA,”
He added they expect a “positive reaction in the stock following TMUS’s across-the-board beat-and-raise.”
