T-Mobile US beats by $0.16, reports revs in-line; raises subscriber, EBITDA guidance
- Reports Q3 (Sep) earnings of $0.63 per share, $0.16 better than the Capital IQ Consensus of $0.47; revenues rose 7.7% year/year to $10.02 bln vs the $10.01 bln Capital IQ Consensus. Total service revenues increased 7% year-over-year in Q3 2017 to $7.6 billion which is expected to mark the 14th quarter in a row that T-Mobile has led the industry in year-over-year service revenue percentage growth. The negative impact from hurricanes was $31 million in Q3 2017. Total service revenues increased 7% year-over-year in Q3 2017 to $7.6 billion which is expected to mark the 14th quarter in a row that T-Mobile has led the industry in year-over-year service revenue percentage growth. The negative impact from hurricanes was $31 million in Q3 2017.
- 1.3 million total net additions — 18 straight quarters of adding more than 1 million 817,000 total branded postpaid net additions — expect to lead industry for the 7th consecutive quarter; 595,000 branded postpaid phone net additions — expect to lead the industry for the 15th consecutive quarter.
- Raising and narrowing guidance range for branded postpaid net customer additions to 3.3 - 3.6 million from 3.0 - 3.6 million
- Raising and narrowing Adjusted EBITDA target for the second time this year to $10.8 - $11.0 billion from $10.5 - $10.9 billion, which includes unchanged guidance on leasing revenues of $0.85 - $0.95 billion
- Maintaining guidance of $4.8 - $5.1 billion of cash purchases of property and equipment, excluding capitalized interest; expect to be at the high end of our guidance range