5 Stocks Making Big Moves on Earnings Reports

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

Number of Hedge Fund Holders: 86

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) closed higher on Wednesday, April 27, 2022, after announcing better-than-expected financial results for the first quarter.

T-Mobile US, Inc. (NASDAQ:TMUS) reported earnings of 57 cents per share, topping estimates of 32 cents per share. Revenue for the quarter inched up nearly 2 percent to $20.12 billion, just ahead of the consensus of $20.11 billion. Service revenue for the quarter increased 7 percent to $15.1 billion.

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Among other updates, T-Mobile US, Inc. (NASDAQ:TMUS) reported that it added a record 348 thousand postpaid net accounts in the quarter. Moreover, it added 1.3 million postpaid net customers, marking the highest first-quarter additions in nearly eight years.

Speaking on the results, CEO Mike Sievert said:

“T-Mobile continues to be the growth leader in this industry, with another beat and raise quarter that delivered front-of-the-pack postpaid, new account, and broadband customer results.”