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T-Mobile Q2 Profit Down, But Beats Street

T-Mobile US, Inc. (TMUS), Thursday reported second-quarter net income of $110 million or $0.09 per share, down from $939 million or $1.09 per share last year.

Total revenues for the quarter rose to $17.67 billion from $10.99 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $0.07 per share on revenues of $17.61 billion for the quarter.

Net customer additions were 1,245,000 in second quarter, while the total customer count increased to 98.3 million, overtaking AT&T in total branded customers across both postpaid and prepaid.

Postpaid net customer additions were 1,112,000 and postpaid churn was 0.80% for the quarter, while prepaid net customer additions were 133,000 and prepaid churn was 2.81%.

T-Mobile successfully completed its merger with Sprint, on April 1, 2020.

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