T-Mobile (TMUS) Misses Q1 EPS by 1c; Boosts FY15 Subs Outlook

T-Mobile (NYSE: TMUS) reported Q1 EPS of ($0.09), $0.01 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.7 billion.

T-Mobile expects earnings per share to be positive in all the remaining quarters and full-year 2015.

Continued subscriber momentum and record low churn for the fastest growing wireless company in America:

• 1.8 million total net adds – 8th consecutive quarter over 1 million
• 1.1 million branded postpaid net adds – 3rd consecutive quarter over 1 million
• 1.0 million branded postpaid phone net adds – expect to capture all of industry postpaid phone growth in 1Q15
• Best-ever branded postpaid phone churn of 1.30%, down 43 bps QoQ and 17 bps YoY

Raising subscriber outlook for 2015 while maintaining Adjusted EBITDA target:

• Guidance range for branded postpaid net adds increased to 3.0 to 3.5 million
• Maintaining target of $6.8 to $7.2 billion of Adjusted EBITDA
• Maintaining target of $4.4 to $4.7 billion of cash capex

For earnings history and earnings-related data on T-Mobile (TMUS) click here.

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