T-Mobile US reported first-quarter earnings that surpassed expectations, but revenue fell short. The company saw an increase in wireless subscriber additions that exceeded projections, leading to a slight uptick in T-Mobile stock.
For the quarter ending March 31, T-Mobile’s earnings rose by 26% to $2 per share on an adjusted basis. However, revenue decreased by 0.2% to $19.59 billion compared to the previous year. Analysts had anticipated adjusted earnings of $1.87 per share on revenue of $19.81 billion. In the same period last year, T-Mobile earned $1.58 per share on revenue of $19.63 billion.
T-Mobile also reported the addition of 532,000 postpaid phone subscribers in the first quarter, slightly exceeding estimates of 477,000