5/4, 10:09 PM (Source: TeleTrader)
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T-Mobile's Q1 revenue jumps 78% to $19.76B

American wireless network operator T-Mobile US, Inc. beat analyst expectations on Tuesday with the company's first-quarter results, having reported its revenue jumped 78% on the year to $19.76 billion. Meanwhile, the company unveiled earnings per share of $0.74 during the same three-month period, down from the $1.10 reported in the first quarter of 2020. Net customer additions were reported at 1.4 million increasing T-Mobile's total customer count to a record-high of 103.4 million.

"We just keep pushing further ahead of the competition. Our network leadership is fueling customer momentum, delivering merger synergies and expanding our addressable markets for growth. We have so much confidence that we are raising 2021 guidance just one quarter into the year," the company's CEO Mike Sievert said.

T-Mobile jumped 2.35% to $131.50 per share in after-hours trading following the update.

Breaking the News / JC