T-Mobile stock hit a five-year high Thursday on a better-than-expected second-quarter earnings report and news that it added more than 1 million new customers in the period.
Shares continued to trade above the $25 mark on Friday. Investors seemed most energized by the company’s strong customer growth. The 1.1 million net new customers included 688,000 contract customers, compared with the 557,000 post-paid customers it lost during the same time a year ago. That brings T-Mobile’s total customer base to 44 million.
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T-Mobile Turns the Tide With Wave of New Customers
Posted by: Rachelle Dragani August 9, 2013 11:47 AMT-Mobile stock hit a five-year high Thursday on a better-than-expected second-quarter earnings report and news that it added more than 1 million new customers in the period.
Shares continued to trade above the $25 mark on Friday. Investors seemed most energized by the company’s strong customer growth. The 1.1 million net new customers included 688,000 contract customers, compared with the 557,000 post-paid customers it lost during the same time a year ago. That brings T-Mobile’s total customer base to 44 million.