T-Mobile Crushes Q4 Estimates With Better Than Expected Profit And Revenue


Verizon may be trying to entice more customers with its new unlimited data plan, but T-Mobile is still the preferred carrier for many.

T-Mobile CEO John Legere is known for voicing his opinion that his company is the best, but according to its fourth quarter results, the company has put its money where its mouth is.

The Un-carrier released its earrings for Q4 on Tuesday, revealing better than estimated revenue and profit.

Despite analysts predicting T-Mobile would have a profit of about 30 cents a share, the company reported a net income of $390, which translates to 45 cents per share for Q4 (which is up from $297, or 34 cents per share year ago).

Analysts also estimated the company would report its revenue at $9.84 billion, but T-Mobile reported its total revenue actually rose to $10.18 billion.

Fourth quarter success can be credited to promotions the company ran like its Black Friday iPhone 7 offer.

T-Mobile reported now has more than 71.5 million customers.

"The competition just doesn't get that customers want to come first! That's three years in a row that we've added more than 8 million customers and taken all of the postpaid phone growth in the industry," Legere said in an earrings call. "The Un-carrier revolution continues in 2017."

The company predicts that this year it will add between 2.4 and 3.4 million post paid customers.

Legere took to his Twitter to share the Q4 news, and take jabs at Verizon.

The impressive quarter fourth quarter results follows T-Mobile's announcement to one up Verizon Unlimited.

Starting this Friday, T-Mobile One will cost $70 for one line, and now $100 for two and $160 for four, with taxes and fees included. The unlimited data, talk and text plan also includes HD video and 10GB of hotspot data.

This comes just two short days after Verizon announced its own unlimited plan that costs $80 for one line, and an additional $45 for up to four lines plus taxes and fees for unlimited talk, text and data.

ⓒ 2018 All rights reserved. Do not reproduce without permission.
Real Time Analytics