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Un-Carrier Is Delivering: T-Mobile Investors Cheer Q3 Results, Outlook

T-Mobile Investors Cheer Q3 Results, Outlook: Un-Carrier Is Delivering NASDAQ:TMUS
  • EPS $0.42 vs $0.23 est, up $0.27 year-over-year.
  • Sales $9.2 billion vs $9.42 billion est, up 17.8 percent year-over-year.
  • 2.0 million total net adds in the quarter.
  • Industry leading net adds of 851,000 branded postpaid phone net adds.
  • Company raises and narrows fiscal 2016 guidance.

What Does That Mean For The Company?

T-Mobile US Inc TMUS claimed in its earnings report that it's the the fastest growing wireless company in America with industry-leading financial growth.

Given the ongoing momentum seen in the company's third quarter report, management boosted its fiscal 2016 adjusted EBITDA guidance to a range of $10.2-$10.4 billion from a prior range of $9.8-$10.1 billion.

What Does That Mean For The Investor?

T-Mobile's stock rose more than 4 percent in the pre-market session as the company's "Un-carrier" strategy continues to disrupt the market and take market share away from its larger competitors.

By comparison, investors were large sellers of Verizon Communications Inc. VZ's stock after its mixed third quarter results failed to impress the Street.

"That's 14 quarters in a row that T-Mobile has won share from the competition," John Legere, President and CEO of T-Mobile, said in the earnings report. "The Un-carrier is delivering. We took share and grew our customer base while producing both financial growth and shareholder value. Most importantly, we are delivering results for both customers and shareholders alike."

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.