T-Mobile shares drop 4.6% after reporting weaker postpaid account additions, offsetting stronger-than-expected Q2 earnings of $2.99 per share.
T-Mobile shares declined 4.6% in premarket trading after the company reported slower postpaid account growth for the second quarter. The wireless carrier posted adjusted earnings per share of $2.99, surpassing Wall Street estimates despite the subscriber slowdown.
Analysts had anticipated stronger postpaid additions, a key metric for wireless carriers. The earnings beat was driven by cost efficiencies and higher average revenue per user, though growth in new accounts lagged expectations.
The market reaction reflects investor concerns over subscriber trends, even as profitability metrics improved.