This is Why T-Mobile Shares Were Halted

Shares of T-Mobile were halted in after hours trading on Wednesday for what the company would probably consider a good reason.

The telecom company reported its second quarter financial results that blew the Street away. While Wall Street analysts had been waiting for 38 cents a share, T-Mobile reported earnings of 67 cents a share.

The halt in trading ended around 4:35PM EST.

For the second quarter, T-Mobile also reported revenue of $10.2 billion which came in way ahead of the $9.8 billion that analysts polled by FactSet had estimated.

The company also announced that it had added 1.3 million net new total customers during the second quarter

Disclaimer: We have no position in T-Mobile US, Inc. (NASDAQ: TMUS) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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