T-Mobile's revenue, profit miss estimates

T-Mobile's revenue, profit miss estimates

(Reuters) – T-Mobile US Inc reported lower-than-expected quarterly revenue & profit as the No.3 U.S. wireless carrier's revenue per user declined.

The company's shares, which have risen approximately 54 percent this year, fell 1.9 percent to $40.60 in premarket trading.

T-Mobile's average revenue per user fell to $47.99 in the third quarter ended Sept. 30, from $49.84 a year earlier.

p> However, T-Mobile raised its 2015 guidance for net additions for the third time. The company said it expects to add 3.8 million to 4.2 million postpaid users, or customers who pay on a monthly basis based on usage, up from 3.4 million to 3.9 million it had forecast earlier.

The company added 2.3 million net customers in the quarter.

T-Mobile has revamped pricing plans to make them more affordable, increased data allotments & introduced a $5 trade-in plan for Apple Inc's new iPhone 6.

It moreover added perks such as free music streaming to lure customers from bigger rivals Verizon Communications Inc & AT&T Inc .

T-Mobile reported net income of $138 million, or 15 cents per share, for the third quarter, compared with a loss of $94 million, or 12 cents per share, a year earlier.

Analysts on average had expected a profit of 30 cents per share, according to Thomson Reuters I/B/E/S.

Revenue rose 6.8 percent $7.85 billion, yet missed the average analyst estimate of $8.29 billion.

The company shifted its listing to the Nasdaq from the New York Stock Exchange after market close on Monday.

(Reporting By Arathy S Nair in Bengaluru; Editing by Maju Samuel)

Company EarningsInvestment & Company InformationT-Mobile

Source: “Reuters”

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