T-Mobile’s Strong Q3 Performance Overshadowed by Competitive Concerns
T-Mobile US (TMUS) shares dipped Friday despite a robust third-quarter earnings beat, as analysts flagged mounting competitive pressures in the wireless sector. The carrier posted $21.96 billion in revenue—$500 million above estimates—with EPS of $2.41 narrowly surpassing expectations.
The company added 2.3 million postpaid net customers, including 1 million phone subscribers, marking its strongest Q3 performance in over a decade. Its broadband and 5G segments also showed notable growth. Yet Wall Street remains cautious, with price target trims reflecting concerns about intensifying rivalry with AT&T and Verizon.