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T-Mobile Delivers Robust Customer Growth, Profits in First Quarter

T-Mobile US (TMUS - Get Report) delivered strong first-quarter results thanks to robust customer growth that led to solid profitability.

The U.S. wireless carrier reported first-quarter results Tuesday before the markets opened, posting $8.6 billion in total revenues and $0.56 per share in earnings. Wall Street was expecting $8.4 billion in revenue and $0.10 in EPS.

Shares were up in pre-market and initial trading on Tuesday, but have settled and are now down slightly to $40.92.

John Legere, president and CEO of T-Mobile, touted the telco's customer growth.

"I can't think of a better way to start off 2016 than by capturing all of the industry's postpaid phone growth -- again!" he said in a statement on Tuesday. "Our model is working and the business momentum is accelerating across the board."

The...


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