T-Mobile Earnings Miss Overshadows Strong Subscriber Boost
- Report follows subscriber gains from rivals Verizon and AT&T
- Carriers are trying to shake slump that followed pandemic
A T-Mobile store in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
T-Mobile US Inc. reported earnings that missed analysts’ estimates, overshadowing a surprisingly strong increase in new mobile phone subscribers.
The No. 2 wireless carrier reported earnings per share of $1.67 in the fourth quarter, the company said in a statement Thursday. Analysts, on average, expected $1.91, according to data compiled by Bloomberg. The company also predicted adjusted earnings before interest, tax, depreciation and amortization in 2024 will be $31.3 billion to $31.9 billion.