Shares of T-Mobile US Inc. were up nearly 2% in premarket trade on Monday after the wireless phone company reported third-quarter earnings that were above Wall Street expectations. T-Mobile reported net income of $550 million for the quarter, or 63 cents per share, compared with income of $366 million, or 42 cents per share during the same period a year ago. FactSet’s per-share earnings consensus was 45 cents. Reported revenue was $10.019 billion, up from $9.305 billion during the year-prior period and up slightly compared with FactSet’s $10.016 billion revenue consensus. T-Mobile said it added 1.3 million customers during the quarter, and that it now covers 316 million Americans. The company said it plans to increase its coverage to 321 million by the end of the year. T-Mobile increased expectations on earnings before interest, taxes, depreciation and amortization for the full year 2017 to a range of $10.8 to $11.0 billion, up from $10.5 to $10.9 billion. Shares of T-Mobile have gained more than 5% in the year to date, while the S&P 500 index is up 15% and the Dow Jones Industrial Average is up 18% during the same time.
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