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T-Mobile Stock Surges 4% After Reporting Industry-Best Subscriber Additions

·2 min read
T-Mobile Stock Surges 4% After Reporting Industry-Best Subscriber Additions
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T-Mobile US (NASDAQ: TMUS) was a telecom sector star Wednesday after it delivered a very encouraging earnings report. While this was positively affected by the company's consolidation of ex-rival Sprint, it was still higher than the consensus analyst estimate of $18.9 billion. As for profitability, net income -- burdened by costs related to the Sprint integration -- slid by nearly 2% to $933 million, or $0.74 per share.