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

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

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