The wireless network operator said net income was USD 870 Million, or USD 1.01 per share for the three months ended September 30, ahead of Wall Street’s call for EPS of USD 0.96. A year ago, T-Mobile delivered earnings of USD 0.93 per share.
T-Mobile’s Q3 revenue rose to USD 11.06 Billion from USD 10.84 Billion in the year-ago period. Analysts on average expected the Bellevue, Washington-based company to post revenue of USD 11.33 Billion.
T-Mobile added 1.7 million net customers in its third quarter, up 117,000 from Q3 2018. The wireless carrier has recorded at least 1 million net customer additions over the last 26 consecutive quarters. It also added 754,000 postpaid phones, outpacing competition like Verizon Communications, Inc. (NYSE:VZ) and AT&T, Inc. (NYSE:T).
Meanwhile, the company also said it has accelerated the launch of its 5G network with nationwide service by the end of the year.
“We’ve caught up to AT&T and Verizon, and now have 326 million Americans covered with 4G LTE, nearly 99% of the U.S. population. And we now have 311 million Americans covered by low band spectrum, both 600 megahertz, and 700 megahertz combined. So needless to say, we continue to make great progress on our network and can’t wait to get 5G into the hands of consumers,” said Chief Executive Officer John J. Legere.
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