Is T-Mobile's Stock Stuck Below $150 Until 2026?
T-Mobile (NASDAQ: TMUS) recently delivered solid results for the first quarter of 2023, with earnings per share rising by 177% year over year to $1.58, and coming in ahead of expectations. While the U.S. telecom posted a slight revenue decline, that entirely had to do with negative-margin device-related revenue. However, core services grew by 3% while postpaid subscription revenue grew by 6%. That growth, on top of moderating costs and merger synergies from its 2020 acquisition of Sprint, pushed free cash flow higher by a whopping 46%.
As a result, management raised its full-year guidance for postpaid net additions, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), and free cash flow.
And yet, T-Mobile's stock fell slightly after earnings, pulling back from the $150 per share mark.
Source Fool.com
