Why Investors Hung Up on T-Mobile US Stock Today
Shares of cell phone provider T-Mobile US (NASDAQ: TMUS) fell nearly 5% in early trading Friday despite beating earnings expectations in the company's Friday afternoon report. As of 11:40 a.m. EST, T-Mobile shares had pared their losses to a decline of just 3%.
Analysts had forecast the telecom giant would earn $0.51 per share on sales of $19.9 billion in the fourth quarter of 2020. As it turned out, earnings were $0.60, and sales $20.3 billion.
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Source Fool.com
