T-Mobile Slips Even After Improved Outlook for Subscriber Growth
- Shares down 2.4% after climbing 6.6% over past 10 days
- Carrier added 1 million monthly users in the first quarter
T-Mobile CEO Legere on Growth, Verizon's Yahoo Pursuit
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T-Mobile US Inc. raised its forecast for subscriber growth after adding more than 1 million monthly users for the seventh straight quarter, though the outlook wasn’t positive enough for investors.
The third-largest wireless carrier expects to sign up 3.2 million to 3.6 million new subscribers this year, according to a statement Tuesday. While that was up from a February prediction of as many as 3.4 million, it still trails the 3.6-million average of 15 estimates compiled by Bloomberg.