By THOMAS GRYTA and CHELSEY DULANEY
Updated April 28, 2015 10:51 a.m. ET
T-Mobile US Inc. extended a run of strong subscriber growth, adding 1.1 million mainstream customers in the most recent quarter as its combination of expensive incentives and edgy marketing continued to pay off. 38.00 coming .strong buy.
-Mobile US (NYSE:TMUS) raised its 2015 guidance for postpaid subscriber additions after adding 991,000 phone customers in Q1, taking customers from bigger rivals AT&T and Verizon Communications.
T-Mobile early Tuesday reported Q1 revenue rose 13% to $7.78 billion, topping analyst estimates. Service revenue rose 9% to $5.82 billion. Total revenue also includes sales of phones and other equipment.
T-Mobile reported a 9-cent per-share loss, whereas Wall Street had modeled an 8-cent loss. It lost 19 cents per share in the year-earlier period.
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Wireless carrier T-Mobile surpassed Wall Street revenue expectations in the first quarter of 2015 and added 1.8 million subscribers.
The wireless carrier's total revenue of $7.8 billion, was up 13.1% from last year, and surpassed the $7.7 billion estimated by analysts polled by Thomson Reuters.
However, T-Mobile (TMUS) reported a loss of $63 million or 9 cents per share, higher than the 8-cent per share loss that analysts expected.
New monthly subscribers in the first quarter totaled 1.1 million, Bellevue, Washington-based T-Mobile said in a statement. Analysts predicted 930,000 new monthly users, based on the average of five estimates in a Bloomberg survey. T-Mobile growth outpaced the 565,000 additions at Verizon Communications Inc. and 441,000 at AT&T Inc.strong buy.
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