Why T-Mobile Stock Jumped Today

Shares of T-Mobile (NASDAQ: TMUS) rose by 5.4% on Friday, following the wireless network operator's solid third-quarter results. 

T-Mobile's blockbuster merger with Sprint led to a 74% jump in revenue, to $19.3 billion. Cost cuts helped the combined company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surge an even more impressive 110%, to $7.1 billion.

Shares of T-Mobile hit a new 52-week high on Friday. Image source: Getty Images.

Continue reading

Source Fool.com