T-Mobile US Inc. (NASDAQ: TMUS) reported its third-quarter financial results before the markets opened on Tuesday. The company had $0.15 in earnings per share (EPS) on $7.8 billion in revenue. That compared to consensus estimates from Thomson Reuters of $0.30 in EPS on $8.29 billion in revenue. The same period from the previous year had a net loss of $0.12 per share on $7.35 billion in revenue.
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The company reported 61.2 million total customers at the end of the third quarter, growing its base by 2.3 million total customers. T-Mobile has successfully delivered over a million total net customer additions for the past 10 quarters and more than 2 million in five of the past seven quarters.
Specifically, T-Mobile had 2.3 million in total net adds, which marked the 10th consecutive quarter of over a million net adds. Comprising these net adds were 1.1 million branded postpaid net adds and 843,000 branded postpaid phone net adds, while branded prepaid net adds totaled 595,000.
Total devices sold or leased were 8.9 million units in the third quarter of 2015, including 8.1 million smartphones.
In terms of guidance, the company now expects branded postpaid net customer additions for 2015 to be between 3.8 million and 4.2 million, an increase from the previous guidance range of 3.4 million to 3.9 million.
John Legere, president and CEO of T-Mobile, commented on earnings:
We’ve had 10 quarters in a row with over 1 million net new customers, 5 with over a million branded postpaid customers and a total of 2.3 million new customers this quarter alone. Our momentum is strong and our incredible customer growth is translating directly into solid financial growth which makes it crystal clear that putting customers first is just good business.
T-Mobile had $411 million in free cash flow, up from a loss of $69 million last year, and the company expects to be positive in 2015.
Shares of T-Mobile were flat at $41.24 in early Tuesday trading, with a consensus analyst price target of $46.40 and a 52-week trading range of $24.26 to $43.43.
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