Why T-Mobile Stock Surged 21.3% in November
Shares of T-Mobile (NASDAQ: TMUS) rose 21.3% in November, according to data from S&P Global Market Intelligence. The U.S. telecom operator reported impressive subscriber gains during its third-quarter earnings report in the early part of the month. Shortly after, T-Mobile got an additional boost when Warren Buffett conglomerate Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) reported it had taken a position in the stock during the third quarter as well.
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In the third quarter, T-Mobile once again led the telecom industry in postpaid net additions as well as postpaid phone net additions. Revenue rose 74%, thanks to the April merger with Sprint, and profits also beat analyst expectations, as the company made better-than-expected progress on merger synergies.
Source Fool.com
