- T-Mobile US, Inc (NASDAQ:TMUS) reported preliminary wireless subscriber growth for the fourth quarter that slightly beat analysts’ estimates.
- The second-largest U.S. mobile service provider added 927,000 new phone customers, beating the analyst expectation of 921,000, Bloomberg reports.
- T-Mobile US also signed up 524,000 new high-speed broadband subscribers, missing the analyst expectation of 560,000.
- Also Read: Polish Watchdog Charges T-Mobile For Misleading Advertising
- T-Mobile US gained about a one-year lead in 5G service on rivals AT&T Inc (NYSE:T) and Verizon Communications Inc (NYSE:VZ) thanks to a trove of mid-band airwaves acquired with the takeover of Sprint Corp in April 2020.
- “Because of the network we built, we’ve been able to attract a tremendously high amount of prime customers,” the report cited T-Mobile CFO Peter Osvaldik.
- T-Mobile US reported a third-quarter FY22 revenue decline of 0.7% year-on-year to $19.48 billion, missing the consensus of $20.02 billion. EPS of $0.40 missed the consensus of $0.68.
- T-Mobile added 394 thousand postpaid net accounts and 1.6 million postpaid net customer additions, more than AT&T and Verizon combined and the highest in company history.
- Price Action: TMUS shares closed higher by 0.66% at $139.96 on Wednesday.
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Eli Lilly And Company Announced Results Of The CHALLENGE-MIG Clinical Trial Of Emgality In Episodic Migraine Prevention; Did Not Achieve Statistical Superiority Versus Active Comparator On The Primary Endpoint
Emgality demonstrated robust efficacy for patients consistent with previous studies, although it did not achieve statistical superiority versus active comparator on the primary endpointEmgality performed numerically
