T-Mobile soars to new high after crushing earnings
Oct 25, 2016, 00:21 IST
Shares of T-Mobile US are trading at their highest level since their 2013 listing, after reporting blockbuster third quarter earnings. Ahead of Monday's opening bell, T-Mobile announced earnings of $0.42 per share on revenue of $9.24 billion - beating Wall Street's expectations.
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"That's 14 quarters in a row that T-Mobile has won share from the competition," CEO John Legere said in the earnings release.
Shares are up 8.8% at $50.87 as of 2:32 p.m. ET. That's the highest since it began trading in May 2013, after T-Mobile acquired MetroPCS and changed its ticker to 'TMUS' from 'PCS'.
