T-Mobile earnings sent shares flying on Monday, climbing as much as 9.5% after the company announced third-quarter financial results. The results were so good that nine analysts raised their target price on the company.
T-Mobile revealed that it has added 851,000 postpaid subscribers in the last quarter. This is compared to a loss of 268,000 for AT&T and a loss of 36,000 for Verizon. T-Mobile’s profit for its third-quarter was also better than analysts’ expected.
“That’s 14 quarters in a row that T-Mobile has won share from the competition,” said CEO John Legere.
Could T-Mobile be the next buyout candidate?
Disclaimer: We have no position in T-Mobile US, Inc. (NASDAQ: TMUS) and have not been compensated for this article.