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.
This article first appeared on GuruFocus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.