<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Friday,  November 29 , 2024

Linkedin Pinterest
Check Out Our Newsletters envelope icon
Get the latest news that you care about most in your inbox every week by signing up for our newsletters.
News / Business / Business Briefs

T-Mobile reports third-quarter profit of $795 million

By Associated Press
Published: October 31, 2018, 5:58pm

BELLEVUE — T-Mobile US Inc. (TMUS) on Tuesday reported third-quarter profit of $795 million. On a per-share basis, the Bellevue-based company said it had net income of 93 cents.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. The wireless carrier posted revenue of $10.84 billion in the period, also beating forecasts. Twelve analysts surveyed expected $10.7 billion.

T-Mobile shares are up roughly 2 percent this year. In the final minutes of trading Tuesday, shares hit $64.68, an increase of nearly 3 percent in a year.

Loading...