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T-Mobile: 3Q Earnings Snapshot

·1 min read

BELLEVUE, Wash. (AP) _ T-Mobile US Inc. (TMUS) on Thursday reported third-quarter net income of $1.25 billion.

The Bellevue, Washington-based company said it had net income of $1 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.17 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The wireless carrier posted revenue of $19.27 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $18.25 billion.

T-Mobile shares have risen 50% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $117.26, a rise of 44% in the last 12 months.

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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