T-Mobile (TMUS) Impresses With Whopping Gains on 5th Day
T-Mobile rallied for a fifth consecutive day on Thursday, adding 5.8 percent to close at $247.5 apiece after achieving an impressive earnings performance in the second quarter of the year.
During the period, T-Mobile US, Inc. (NASDAQ:TMUS) grew its net income by 10 percent to $3.2 billion from $2.9 billion in the same period last year, pushing its six-month figure up by 16.5 percent to $6.175 billion from $5.299 billion year-on-year.
Diluted earnings per share ended at $2.84, or 14 percent higher than the $2.49 year-on-year.
Total revenues also rose by 6.9 percent to $21.1 billion from $19.77 billion in the same period a year earlier, while postpaid net customer additions clocked in at 1.7 million.
Copyright: dolgachov / 123RF Stock Photo
Following the strong performance, T-Mobile US, Inc. (NASDAQ:TMUS) raised its growth outlook for the year, with postpaid net customer additions now expected to jump to between 6.1 million and 6.4 million, or an increase from prior guidance of 5.5 million to 6 million.
While we acknowledge the potential of TMUS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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