T-Mobile (TMUS) Reports In-Line Q1 EPS, Ex-Spectrum Gain

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Go back to T-Mobile (TMUS) Reports In-Line Q1 EPS, Ex-Spectrum Gain

T-Mobile swings to a profit driven by customer gains

April 26, 2016 6:15 AM EDT

By Malathi Nayak and Sai Sachin R

(Reuters) - T-Mobile US Inc (NASDAQ: TMUS) on Tuesday swung to a profit and raised its 2016 forecast for customer additions, as competitively priced plans and free video streaming options helped it add over 1 million new monthly subscribers for the seventh consecutive quarter.

Shares in T-Mobile were last down 2 percent at $40.32, reversing earlier gains.

T-Mobile has rolled out data-only plans, new family price offers and free music and video streaming services in recent months.

Chief Executive John Legere led the rollout of a series... More