T-Mobile US Inc (TMUS) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.21. The company posted revenue of $9200.00 million in the period, compared to analysts expectations of $9026.54 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on T-Mobile US Inc. Company shares were Reiterated by Jefferies on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $45 .Company shares were Reiterated by Deutsche Bank on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $46 .T-Mobile US Inc was Downgraded by Nomura to ” Neutral” on Jun 24, 2016.
T-Mobile US Inc opened for trading at $45.61 and hit $46.25 on the upside on Thursday, eventually ending the session at $46.22, with a gain of 1.27% or 0.58 points. The heightened volatility saw the trading volume jump to 34,20,766 shares. Company has a market cap of $38,001 M.
In a different news, on Jul 19, 2016, J Braxton Ii Carter (EVP & CFO) sold 8,550 shares at $44.75 per share price. According to the SEC, on Jul 13, 2016, David A Miller (EVP, General Counsel & Sec.) sold 10,000 shares at $44.00 per share price. On Jun 10, 2016, Neville R Ray (EVP & Chief Technology Officer) sold 6,945 shares at $44.00 per share price, according to the Form-4 filing with the securities and exchange commission.