T-Mobile-Sprint drama overshadows ‘industry’s best growth story,’ says analyst [MarketWatch]
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Source: MarketWatch
T-Mobile-Sprint drama overshadows ‘industry’s best growth story,’ says analyst T-Mobile US Inc.’s latest earnings show that the company is doing just fine on its own — even as the company’s deal for Sprint Corp. reportedly nears approval from federal regulators. The company topped earnings expectations on Thursday, while falling short on the top line. It also crushed projections for postpaid net additions, which came in at 1.1 million, above the 884,000 FactSet consensus. “For a long time, T-Mobile was prioritizing growth over profitability,” wrote Moffett Nathanson analyst Craig Moffett, in a note to clients. “For the second straight quarter, they’re delivering both.” He said the company showed off its best-ever margin and churn numbers in the most recent period while proving its case to him as “by far, the industry’s best growth story.” T-Mobile shares TMUS, -0.87% were at one point on track to close at a new all-time high during Thursday’s session, before the results came out, b
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