Statements made by the CEO of the company T-Mobile USA (NASDAQ: TMUS) Monday was not well received by investors. In the absence of any other market-moving news about their shares, they have resolutely traded out of the No. 3 mobile phone company. By the end of the day, its price had fallen more than 6%, significantly worse than the 0.6% decline in the index. Standard & Poor’s 500 index.
talk in UPS At the World Media and Communications Conference on Monday, T-Mobile US President Mike Seifert said his company’s investors should prepare for some disappointing news to come. Specifically, he warned that some factors will act as tailwinds to the economy communication The company’s results, and some numbers will not be as good as they were in the third quarter.
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Much of this has to do with the expected slowdown in customer additions, which Seifert described as hitting a “decade record” in the reported quarter. The company’s performance in this aspect of its business was already strong, with net “additions” of 865,000 subscribers in that period.
This development was a key factor in T-Mobile raising a host of metrics in its full-year 2024 guidance, including customer additions, net cash from operations, and non-GAAP (adjusted) free cash flow.
This shouldn’t necessarily come as a shock to investors or telecom industry observers. Overall, the US market is relatively saturated, and the game now is to find new revenue streams from existing customers – hence, promoting products like home internet service. I think a relatively softer quarter is not surprising given how strong third place was in many respects, and I feel T-Mobile US bulls should stay the course and not get discouraged.
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