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Why T-Mobile US Stock Popped on Wednesday

TheMotleyFool

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T-Mobile US (NASDAQ: TMUS) stock gained 3.1% through 10:35 a.m. ET after the company reported beats on both top and bottom lines Wednesday morning.

Wall Street analysts had forecast the cellphone operator would earn $2.28 per share on almost $19.6 billion in sales in Q2 2024. In fact, T-Mobile reported a $2.49-per-share profit and sales of nearly $19.8 billion.

T-Mobile passed the 100-million-postpaid-customers mark in Q2, adding a net of 1.3 million new customers, a performance management called "best in industry." Of those, 777,000 came for phone service. The rest bought services such as home internet via cellphone tower.

Source Fool.com

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