T-Mobile US (TMUS) on Thursday reported mixed fourth-quarter financial results as earnings missed estimates while revenue for TMUS stock edged by views. Wireless subscriber additions topped AT&T (T) and Verizon Communications (VZ).

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T-Mobile earnings for the quarter ending Dec. 31 jumped 41% to $1.67 per share from a year earlier on an adjusted basis.

The wireless services provider said revenue edged up a fraction to $20.48 billion.

Analysts polled by Factset expected T-Mobile to report adjusted earnings of $1.91 a share on revenue of $19.67 billion. In the year-earlier period, T-Mobile earned $1.18 cents on revenue of $20.27 billion.

TMUS Stock: Wireless Adds Top AT&T, Verizon

T-Mobile said it added 934,000 postpaid phone subscribers vs. estimates of 874,000. A year earlier it added 927,000 postpaid phone subscribers.

T-Mobile topped AT&T, which added 526,000 postpaid phone subscribers, and Verizon, which added 449,000.

In addition, T-Mobile said Q3 EBITDA — earnings before interest, taxes, depreciation and amortization — came in at $7.22 billion versus estimates of $7.26 billion.

On the stock market today, TMUS stock fell nearly 3% to near 157.88 in extended trading.

For 2024, T-Mobile forecast EBITDA growth of 9%, above consensus estimates of 8% to $31.63 billion.

Controlled by Deutsche Telekom (DTEGY), T-Mobile holds a Relative Strength Rating of 72 out of a best-possible 99, according to IBD Stock Checkup. T-Mobile stock was up 1% in 2024 heading into the T-Mobile earnings report.

Follow Reinhardt Krause on X, formerly called Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.

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