T-Mobile Shares Drop Despite Better-Than-Expected Q1 Report: Details

T-Mobile US, Inc. TMUS released its first-quarter results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: T-Mobile reported quarterly earnings of $2.58 per share, which beat the analyst consensus estimate of $2.44. Quarterly revenue of $20.89 billion beat the analyst consensus estimate of $20.62 billion and is an increase over revenue of $19.59 billion from the same period last year.

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For the first quarter, T-Mobile reported:

• Postpaid net customer additions of 1.3 million.
• Postpaid phone net customer additions of 495,000.
• Postpaid net account additions of 205,000.
• High Speed Internet net customer additions of 424,000.

“T-Mobile delivered big yet again with outstanding Q1 results across wireless and broadband, including our best ever Q1 total postpaid customer gross and net additions — proof that our consistent customer-first focus has put us in the best position to succeed in this dynamic environment,” said Mike Sievert, CEO of T-Mobile.

“A record number of customers chose the Un-carrier in Q1 — we grew postpaid gross additions year-over-year across the board and our High Speed Internet business led the industry in net customer additions for the 13th straight quarter,” Sievert added.

TMUS Price Action: According to data from Benzinga Pro, T-Mobile stock was down 5.29% after hours at $248.31 on Thursday.  

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