T-Mobile: Q1 Earnings Snapshot

BELLEVUE, Wash. (AP) _ T-Mobile US Inc. (TMUS) on Tuesday reported first-quarter earnings of $933 million.

On a per-share basis, the Bellevue, Washington-based company said it had profit of 74 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 92 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The wireless carrier posted revenue of $19.76 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $18.85 billion.

T-Mobile shares have decreased roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $128.60, an increase of 45% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMUS at https://www.zacks.com/ap/TMUS