CEO Mike Sievert said the company is 'setting our sights on being 1' and it plans to achieve that goal by offering customers the most advanced 5G network.
When T-Mobile reported second-quarter 2020 results after markets closed Thursday, the telecom carrier posted earnings per share of $0.09 on revenues of $17.7 billion. In the same period a year ago, the company reported EPS of $1.09 on revenues of $11.0 billion. Second-quarter results also compare to the consensus estimates for EPS of $0.07 and $17.6 billion in revenues.
Verizon Communications reported 119.9 million subscribers in the second quarter and AT&T reported 92.9 million. The 1.11 million total new postpaid customers exceeded even the most optimistic analyst estimate for new customers. Because T-Mobile did not offer pro forma results, making comparisons with last year does not reveal much and second-quarter financial estimates were largely educated guesses.
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