T-Mobile (TMUS) Tops Q1 EPS by 8c
T-Mobile (NASDAQ: TMUS) reported Q1 EPS of $0.78, $0.08 better than the analyst estimate of $0.70. Revenue for the quarter came in at $10.5 billion versus the consensus estimate of $10.38 billion.
- Service revenues up 6.5% to $7.8 billion - expect to lead industry for the 16th consecutive quarter
- Total revenues up 8.8% to $10.5 billion - expect to lead industry for the 19th time in the past 20 quarters
- Net income down 4% to $671 million and diluted earnings per share (EPS) of $0.78. Excluding after-tax spectrum gains in Q1 2017 of $23 million and certain net tax benefits related to a valuation allowance release recognized in Q1 2017 of $270 million, net income and EPS increased $266 million and $0.30, respectively.
- Adjusted EBITDA(1) up 10.8% to $3.0 billion - up 12.4% excluding $37.0 million of spectrum gains in Q1 2017
- 1.4 million total net additions - 20th consecutive quarter with more than 1 million net adds
- 1.0 million total branded postpaid net additions - strength in wearables drives branded postpaid other additions
- 617,000 branded postpaid phone net additions - expect to lead industry for the 17th consecutive quarter
- 199,000 branded prepaid net additions
- Record low 1.07% branded postpaid phone churn, down 11 bps year-over-year
- Net cash provided by operating activities(3) up 27% to $770 million
- Free Cash Flow(1)(3) up 261% to $668 million
For earnings history and earnings-related data on T-Mobile (TMUS) click here.
