U.S. Markets close in 6 mins

T-Mobile: 1Q Earnings Snapshot

BELLEVUE, Wash. (AP) _ T-Mobile US Inc. (TMUS) on Thursday reported first-quarter profit of $908 million.

On a per-share basis, the Bellevue, Washington-based company said it had net income of $1.06. Earnings, adjusted for costs related to mergers and acquisitions, were $1.17 per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The wireless carrier posted revenue of $11.08 billion in the period, which also topped Street forecasts. Thirteen analysts surveyed by Zacks expected $10.98 billion.

T-Mobile shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $72.71, a climb of 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMUS at https://www.zacks.com/ap/TMUS