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.