Categories AlphaGraphs, Earnings, Technology

TMobile (TMUS) Q2 revenue up 61%; results beat Street view

TMobile US Inc.  (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also surpassed expert’s projection.

TMobile US Inc.  Q2 2020 Earnings Infographic

The telecommunication firm said its June-quarter revenues rose to $17.67 billion from $10.98 billion last year.  Total net customer additions were 1,245,000 during the three-month period.

Net income, meanwhile, decreased to $110 million or $0.09 per share from $939 million or $1.09 per share in the second quarter of 2019.


Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for TMobile’s Q2 2020 earnings call transcript 


Earlier, TMobile’s stock rebounded quickly from the COVID-induced selloff and is currently trading close to the recent peak. The stock closed Thursday’s trading slightly higher and gained further during the extended session.

“Now we’re setting our sights on #1 – in customer choice and customers’ hearts – and we’ll get there by doing ONLY what the Un-carrier can do: offering customers the most advanced 5G network AND the best value while continuing to make big moves that fix customer pain points and disrupt this industry. I’m excited about what’s to come in this new T-Mobile era – we’re just getting started!,” said TMobil’s CEO Mike Sievert.

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top