T-Mobile US Inc. (NASDAQ: TMUS) released its first-quarter financial results before the markets opened on Tuesday. The company reportedly said it had $0.56 in earnings per share (EPS) on $8.6 billion in revenue. That compares to consensus estimates from Thomson Reuters of $0.10 in EPS on revenue of $8.43 billion. In the same period of last year, the carrier posted a net loss of $0.09 per share on $7.78 billion in revenue.
During the quarter, the company had 2.2 million total net additions, which marked the 12th consecutive quarter of over a million, and over 2 million for sixth time in past seven quarters. There were also over a million branded postpaid net adds in this quarter.
Revenues grew 10.6% from the first quarter of last year, while Service revenues specifically grew by 13% in the same time.
Branded postpaid phone average revenue per user (ARPU) of $46.21 in the first quarter of 2016 was down 3.8% sequentially, primarily due to the non-cash net revenue deferral related to Data Stash, and down 0.5% year over year. Excluding the impact of Data Stash, ARPU was generally stable both sequentially and year over year as continued strategic focus on family plan penetration and promotional activity was offset by higher data attach rates.
In terms of guidance for the 2016 full year, T-Mobile now expects to have branded postpaid customer net adds of 3.2 million to 3.6 million, an increase from the previous guidance range of 2.4 million to 3.4 million. The consensus estimates are $1.16 in EPS on $35.26 billion in revenue for the full year.
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