T-Mobile reports Q2 EPS beat but revenues miss expectations, guidance raised

T-Mobile (NASDAQ:) reported its , with EPS of $1.86 coming in better than the consensus estimate of $1.70. However, revenue of $19.2 billion missed the consensus estimate of $19.42B. Shares fell more than 1% after-hours.

Postpaid net account additions were 299,000, and postpaid net customer additions were 1.6 million, both best in the industry. Postpaid phone net customer additions were 760,000, representing the best Q2 in eight years.

The company raised its full 2023-year guidance, expecting postpaid net customer additions in the range of 5.6M-5.9M from prior guidance of 5.3M-5.7M. Core adjusted EBITDA is seen at $28.9B-$29.2B, compared to the prior guidance of $28.8B-$29.2B.