LONDON, UK / ACCESSWIRE / July 19, 2018 / If you want access to our free earnings report on T-Mobile US, Inc. (NASDAQ: TMUS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TMUS. The Company reported its financial results on May 01, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The United States-based wireless network operator surpassed estimates for revenues and earnings for Q1 FY18. In addition, the Company updated its outlook for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Earnings Highlights and Summary
For the first quarter ended March 31, 2018, T-Mobile’s total revenues advanced 8.8% to $10.46 billion compared to $9.61 billion in the first quarter of the fiscal year 2017. The Company’s revenue numbers exceeded analysts’ estimates of $10.38 billion. The Company’s total service revenues improved 6.5% to $7.81 billion in Q1 FY18 compared to $7.33 billion in Q1 FY17.
During Q1 FY18, T-Mobile incurred total operating expenses of $9.17 billion versus $8.58 billion in Q1 FY17, increasing 7.0% on a y-o-y basis. The Company’s operating income grew by 23.6% to $1.28 billion in the reported quarter compared to $1.04 billion in the year ago same period.
For the reported quarter, T-Mobile’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 10.8% to $2.96 billion versus $2.67 billion in the comparable quarter of last year.
T-Mobile’s net income declined 3.9% to $671.0 million in Q1 FY18 compared to $698.0 million in Q1 FY17. The Company’s diluted earnings per share (EPS) dropped 2.5% to $0.78 in the reported quarter compared to $0.80 in the prior year’s corresponding period, beating analysts’ estimates of $0.70.
T-Mobile provides wireless communication services to three primary categories of customers, namely: (i) Branded postpaid; (ii) Branded prepaid; and (iii) Wholesale customers.
During Q1 FY18, T-Mobile’s Branded postpaid division’s revenues increased 7.3% to $5.07 billion compared to $4.73 billion in Q1 FY17. The Branded postpaid division’s customers’ additions were 1.0 million in Q1 FY18 versus 914 thousands in Q1 FY17.
For the reported quarter, T-Mobile’s Branded prepaid division’s revenues surged 4.5% to $2.40 billion compared to $2.30 billion in the same period of the prior fiscal year. The Branded prepaid division’s customers’ additions were 199 thousands in Q1 FY18 compared to 386 thousands in Q1 FY17.
T-Mobile’s Wholesale customers’ segment’s revenues decreased 1.5% to $266.0 million in Q1 FY18 from $270.0 million in Q1 FY17. The Company added Wholesale customers of 229 thousands in the reported quarter compared to detracted 158 thousands in the year earlier corresponding quarter.
As of March 31, 2018, T-Mobile’s cash and cash equivalents stood at $2.53 billion compared to $7.50 billion as of March 31, 2017. For the three months ended March 31, 2018, the Company generated operating cash of $770.0 million compared to $608.0 million in the three months ended March 31, 2018. The Company had a free cash flow of $668.0 million in Q1 FY18 compared to $185.0 million in Q1 FY17.
During the three months ended March 31, 2018, T-Mobile repurchased a total of 10.5 million shares of its common stock for $666.0 million.
For the full fiscal year 2018, T-Mobile expects postpaid net customer additions to be between 2.6 million to 3.3 million compared to 2.0 million to 3.0 million previously. The Company’s adjusted EBITDA is expected to be in the range of $11.4 billion and $11.8 billion compared to the previous target of $11.3 billion to $11.7 billion for FY18. Due to the estimated impact of the new revenue standard, the Company estimates adjusted EBITDA to grow by an additional $0.2 billion to $0.5 billion for a total guidance range of $11.6 billion to $12.3 billion. The Company expects cash purchases of property and equipment, excluding capitalized interest, to be in the band of $4.9 billion to $5.3 billion, including expenditures for 5G deployment.
Stock Performance Snapshot
July 18, 2018 - At Wednesday’s closing bell, T-Mobile US’ stock dropped 1.13%, ending the trading session at $60.52.
Volume traded for the day: 1.92 million shares.
Stock performance in the last month – up 0.27%
After yesterday’s close, T-Mobile US’ market cap was at $50.00 billion.
Price to Earnings (P/E) ratio was at 26.29.
The stock is part of the Technology sector, categorized under the Wireless Communications industry. This sector was flat at the end of the session.
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