3 Takeaways From T-Mobile's Second-Quarter Earnings
T-Mobile (NASDAQ: TMUS) continues to execute on its merger with Sprint, and its second-quarter results showed excellent progress. While the company fell short of Wall Street's revenue and earnings estimates, its net subscriber additions were better than expected. Here are three big takeaways from the wireless carrier's earnings report.
T-Mobile's biggest rivals in wireless, AT&T (NYSE: T) and Verizon Communications (NYSE: VZ), both reported a year-over-year increase in subscriber churn in the second quarter. Not T-Mobile.
T-Mobile saw its postpaid phone churn rate fall 7 basis points to 0.80%. That actually came in lower than Verizon last quarter, which posted a 0.81% churn rate. Verizon has historically been the industry leader, but it fell to last place in Q2.
Source Fool.com
