T-Mobile Ducks Q3 Call to Avoid Sprint Rumors
Shares of T-Mobile US (TMUS) are up 84 cents, or 1.4%, at $60.46, in early trading, after the company this morning reportedQ3 revenue that just squeezed by analysts' expectations, and beat comfortably on the bottom line, and said it was not going to hold its customary conference call with analysts because it didn't want the report to be overshadowed by rumors - an allusion to speculation in recent weeks that the company is talking to Sprint (S) about a merger.
T-Mobile also raised its outlook for the full year's subscriber additions and profit.
"Our incredible Q3 results speak for themselves!" was the company's response to its own question. "We want to keep the focus on those results, without letting them be drowned out by the rumors that have been swirling around. As it relates to those rumors, we've got nothing to share."
Revenue in the three months ended in September rose nearly 8%, to $10.02 billion, yielding EPS of 63 cents.
Analysts had been modeling $10.01 billion, and 47 cents.
The company said it added 1.3 million customers, net of defections, including 817,000 "branded postpaid additions," and noted that it was the 18th quarter in a row of adding more than a million customers.
CEO John Legere said of the results "they're just incredible!"
"We're delivering results that no one else can match," said Legere, "and have proven time and time again that we know how to fight for customers and win for shareholders. We won't stop!"
The company raised its outlook for how many of those "branded postpaid" customers it may add this year to a range of 3.3 million to 3.6 million, from a prior range of 3 million to 3.6 million.
T-Mobile also raised its outlook for the year's Ebitda, to $10.8 billion to $11 billion, from a prior range of $10.5 billion to $10.9 billion.
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