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News / Business / Business Briefs

T-Mobile fourth-quarter profit tops forecasts

By Associated Press
Published: February 8, 2018, 4:58pm

BELLEVUE — T-Mobile US Inc. has reported fourth-quarter earnings of $2.71 billion.

The Bellevue-based company said it had profit of $3.11 per share. The most recent quarter includes a benefit related to tax reform plus other items related to spectrum gains and hurricane losses. Excluding one-time items, adjusted earnings came to 48 cents per share.

The results, announced Thursday, beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The wireless carrier posted revenue of $10.76 billion in the period, which did not meet Street forecasts.

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