T-Mobile (NASDAQ:TMUS) shares surged in pre-market trading Wednesday after the wireless provider reported strong Q4 2024 earnings, beating analyst expectations on both earnings per share (EPS) and revenue.
The company posted EPS of $2.57, surpassing Wall Street's estimate of $2.29 and marking a 54% increase from $1.67 a year earlier. Full-year EPS reached a record $9.66, up 39.4% from $6.93 in 2023. Revenue for Q4 came in at $21.87 billion, exceeding analyst expectations of $21.33 billion and growing 6.8% from $20.48 billion in Q4 2023.
Annual revenue rose 3.6% to $81.4 billion, driven by strong customer growth, with 2 million net additions in Q4 and 6.3 million for the year. Investors responded positively, sending T-Mobile shares up 6.49% to $235.49 as of 08:08 AM ET in pre-market trading. The stock has had a slow start to 2025, remains up more than 35% over the past 52 weeks.
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