5 Stocks Making Notable Moves on Earnings Reports

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1. T-Mobile US, Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 100

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) jumped more than five percent in the pre-market trading session on Wednesday, 3 November 2021, after delivering impressive earnings for the third quarter.

The wireless network giant reported earnings of 55 cents per share, beating expectations of 50 cents per share. In addition, T-Mobile US, Inc. (NASDAQ:TMUS) posted revenue of $19.6 billion, just below the consensus forecast of $20.2 billion. The company had earned $1 per share on revenue of $19.3 billion in the comparable period of 2020.

Net customer additions in the quarter increased by 1.3 million, bringing the total count to 106.9 million. Looking forward, T-Mobile US, Inc. (NASDAQ:TMUS) expects net customer additions in the range of 5.1 – 5.3 million for the full year.

Follow T-Mobile Us Inc. (NYSE:TMUS)

Speaking on the results, CEO Mike Sievert said:

“Another quarter of amazing results shows that customers love T-Mobile’s unique combination of the best value, best network and best experience. With our Magenta business firing on all cylinders and our Sprint integration ahead of schedule, we are well positioned for the future — and poised to continue winning with assets and a formula for growth that is differentiated from the other wireless players. We just keep exceeding our own targets on growth, profit and synergies — and we have no plans to slow down now.”

You can also take a peek at 10 Growth Stocks to Buy According to Jay Chen’s Himension Capital and 11 Best High Dividend Stocks To Buy.

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