“T-Mobile Shares Gain Over 6% After Earnings Beat; Buy with Target Price $138”
November 6, 2020
“The U.S. wireless carrier said its total service revenues increased year-over-year to $14.1 billion in Q3 2020 and total revenues increased year-over-year to $19.3 billion in Q3 2020, driven by the Sprint merger and continued customer growth. That was higher than the market expectations of $18.34 billion.
T-Mobile’s EPS was relatively flat year-over-year at $1.00 in Q3 2020, beating Wall Street estimates of $0.45 per share, as growth in net income was offset by a higher number of outstanding shares as a result of the Sprint merger. Net income increased year-over-year to $1.3 billion in Q3 2020, as revenue growth outpaced expense increases. Merger-related costs were $288 million pre-tax and $208 million, net of tax, in Q3 2020…”
https://finance.yahoo.com/news/t-mobile-shares-gain-over-055854405.html