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2021-11-03
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T-Mobile Silences the Doubters With Its Earnings Report<blockquote>T-Mobile通过其收益报告让怀疑者噤声</blockquote>
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The","content":"<p>T-Mobile US put recent investor fears to rest with its third-quarter results on Tuesday evening. The company fell short on revenue, but beat subscriber and earnings forecasts, and raised guidance for the remainder of 2021.</p><p><blockquote>T-Mobile US周二晚间公布的第三季度业绩消除了投资者近期的担忧。该公司的收入低于预期，但超出了用户和盈利预期，并上调了2021年剩余时间的指引。</blockquote></p><p> Many analysts had been cautious going into T-Mobile’s third-quarter report, given the potential for strong showings by rivals and a consumer-data hack to weigh on the magenta-hued wireless company’s momentum. It didn’t turn out that way.</p><p><blockquote>许多分析师对T-Mobile的第三季度报告持谨慎态度，因为竞争对手的强劲表现和消费者数据黑客攻击可能会拖累这家洋红色无线公司的势头。结果不是那样的。</blockquote></p><p> The results were good enough to send T-Mobile stock (ticker: TMUS) soaring 6% in Wednesday morning trading, to around $123.</p><p><blockquote>这一结果足以让T-Mobile股票（股票代码：TMUS）在周三早盘交易中飙升6%，至123美元左右。</blockquote></p><p> T-Mobile reported 55 cents in earnings per share for the third quarter, ahead of analysts’ average estimate of 48 cents but, down from $1.00 in the same period a year ago. Management said that costs related to the merger with Sprint subtracted 56 cents per share from earnings in the period.</p><p><blockquote>T-Mobile公布第三季度每股收益为55美分，高于分析师平均预期的48美分，但低于去年同期的1.00美元。管理层表示，与Sprint合并相关的成本使该期间每股收益减少了56美分。</blockquote></p><p> Revenue in the period was $19.6 billion, up 2%, versus the Wall Street consensus of $20.2 billion. T-Mobile’s third-quarter adjusted Ebitda—short for earnings before interest, taxes, depreciation, and amortization—came in at $6.8 billion, matching estimates. Net income was almost $100 million better than expected at $691 million. The company also generated $1.6 billion in free cash flow, as expected.</p><p><blockquote>该期间收入为196亿美元，增长2%，而华尔街普遍预期为202亿美元。T-Mobile第三季度调整后Ebitda（息税折旧摊销前利润的缩写）为68亿美元，符合预期。净利润为6.91亿美元，比预期高出近1亿美元。正如预期的那样，该公司还产生了16亿美元的自由现金流。</blockquote></p><p> The financial results are hard to seriously criticize, but T-Mobile had set the bar high for itself. The company was coming off a pair of beat-and-raise quarters, and tends to do better than Wall Street’s numbers across the board each period it reports. As-expected results are actually a relatively weak showing for this perpetual outperformer.</p><p><blockquote>财务业绩很难受到严厉批评，但T-Mobile为自己设定了很高的标准。该公司经历了两个季度的表现，并且在其报告的每个时期的表现往往优于华尔街的数据。对于这家长期跑赢大盘的公司来说，预期的结果实际上相对较弱。</blockquote></p><p> But investors seemed to be expecting a much worse result. T-Mobile shares had declined 20% from July 1 through Tuesday’s close, while the S&P 500 had returned 7%.</p><p><blockquote>但投资者似乎预料到了更糟糕的结果。从7月1日到周二收盘，T-Mobile股价下跌了20%，而标准普尔500指数则上涨了7%。</blockquote></p><p> On the subscriber front, T-Mobile narrowly beat AT&T‘s (T) third-quarter net additions for wireless postpaid customers—meaning those who pay a monthly bill—but lagged behind its big blue rival in postpaid phones, which are seen as the most valuable.</p><p><blockquote>在用户方面，T-Mobile以微弱优势击败了AT&T(T)第三季度无线后付费用户（即每月支付账单的用户），但在后付费手机方面落后于其蓝色巨人竞争对手，后者被视为最有价值的手机。</blockquote></p><p> T-Mobile said Tuesday that it added a net 1.3 million postpaid subscribers in the third quarter, topping the average call on Wall Street for 1.2 million. Some 673,000 of those were postpaid phones, versus the consensus call of 645,000. AT&T added a net 1.2 million postpaid subscribers last quarter, including 928,000 postpaid phones.Verizon Communications (VZ), meanwhile, said last month that it added a net 699,000 postpaid subscribers including 429,000 postpaid phones in the third quarter.</p><p><blockquote>T-Mobile周二表示，第三季度后付费用户净增130万，超过华尔街120万的平均看涨期权。其中约673,000部是后付费手机，而普遍的看涨期权为645,000部。AT&T上季度净增120万后付费用户，其中包括928,000部后付费手机。与此同时，Verizon Communications(VZ)上个月表示，第三季度净增699,000名后付费用户，其中包括429,000部后付费手机。</blockquote></p><p> T-Mobile’s subscriber growth beat a lowered bar from Wall Street. The average estimate of postpaid net adds came down from more than 1.5 million since the start of September, while the postpaid phones net add target stood at 750,000 two months ago. In August, T-Mobile was hit by a cyberattack that exposed customer information including social-security numbers, addresses, and driver’s license information. T-Mobile said it had worked to quickly secure its systems and had offered customers an identity-theft monitoring service, but CEO Mike Sievert warned in September that the episode had affected T-Mobile’s business for some of the third quarter.</p><p><blockquote>T-Mobile的用户增长超过了华尔街降低的标准。自9月初以来，后付费手机净增量的平均估计从150多万部下降，而两个月前后付费手机净增量目标为75万部。8月，T-Mobile遭到网络攻击，暴露了包括社会安全号码、地址和驾照信息在内的客户信息。T-Mobile表示，它已努力快速保护其系统，并为客户提供身份盗窃监控服务，但首席执行官迈克·西弗特(Mike Sievert)在9月份警告称，这一事件影响了T-Mobile第三季度部分时间的业务。</blockquote></p><p> T-Mobile management lifted the bottom end of their 2021 postpaid subscriber growth target, to a current range of 5.1 million to 5.3 million net additions, versus between 5.0 million to 5.3 million a quarter ago. The company also now expects to realize merger-related cost savings faster than expected, and deliver $5.5 billion to $5.6 billion in free cash flow this year, from prior guidance of $5.2 billion to $5.5 billion.</p><p><blockquote>T-Mobile管理层将2021年后付费用户增长目标的下限提高到目前的净新增用户510万至530万，而一个季度前为500万至530万。该公司现在还预计将比预期更快地实现与合并相关的成本节约，并在今年实现55亿至56亿美元的自由现金流，而之前的指导值为52亿至55亿美元。</blockquote></p><p> Management also lifted their guidance for 2021 “core adjusted Ebitda,” which further excludes lease revenues from adjusted Ebitda, which already leaves out stock-based compensation, merger-related costs, Covid-19-related costs, and other noncash or nonrecurring expenses. T-Mobile now has a target of $23.4 billion to $23.5 billion in core adjusted Ebitda this year, up from $23.0 billion to $23.3 billion.</p><p><blockquote>管理层还提高了对2021年“核心调整后Ebitda”的指导，该指导进一步排除了调整后Ebitda中的租赁收入，该指导已经排除了股票薪酬、合并相关成本、Covid-19相关成本以及其他非现金或非经常性费用。T-Mobile目前的目标是今年核心调整后Ebitda为234亿美元至235亿美元，高于230亿美元至233亿美元。</blockquote></p><p> Zooming out beyond just the third quarter, T-Mobile’s momentum remains unmatched in the U.S. wireless industry. Last year’s acquisition of Sprint gave the combined company greater scale, wireless spectrum, and network assets, and has helped it to continue to win market share—on top of lower prices than Verizon and AT&T. Cost-savings benefits from the merger are showing up in T-Mobile’s bottom line as the lengthy integration process proceeds. Rising free cash flow will open the door to tens of billions of dollars of share repurchases in the coming years.</p><p><blockquote>仅在第三季度之后，T-Mobile的势头在美国无线行业仍然无与伦比。去年对Sprint的收购使合并后的公司拥有了更大的规模、无线频谱和网络资产，并帮助其继续赢得市场份额——而且价格低于Verizon和AT&T。随着漫长的整合过程的进行，合并带来的成本节约效益正在显现。自由现金流的上升将为未来几年数百亿美元的股票回购打开大门。</blockquote></p><p> The 20% discount to T-Mobile stock since the summer has made the shares all the more interesting. Almost 90% of Wall Street analysts have a Buy or equivalent rating on the stock, with an average price target of $169—some 45% above current levels.</p><p><blockquote>自夏季以来，T-Mobile股票20%的折扣使该股变得更加有趣。近90%的华尔街分析师对该股给予买入或同等评级，平均目标价为169美元，比当前水平高出约45%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>T-Mobile Silences the Doubters With Its Earnings Report<blockquote>T-Mobile通过其收益报告让怀疑者噤声</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nT-Mobile Silences the Doubters With Its Earnings Report<blockquote>T-Mobile通过其收益报告让怀疑者噤声</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-03 22:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>T-Mobile US put recent investor fears to rest with its third-quarter results on Tuesday evening. The company fell short on revenue, but beat subscriber and earnings forecasts, and raised guidance for the remainder of 2021.</p><p><blockquote>T-Mobile US周二晚间公布的第三季度业绩消除了投资者近期的担忧。该公司的收入低于预期，但超出了用户和盈利预期，并上调了2021年剩余时间的指引。</blockquote></p><p> Many analysts had been cautious going into T-Mobile’s third-quarter report, given the potential for strong showings by rivals and a consumer-data hack to weigh on the magenta-hued wireless company’s momentum. It didn’t turn out that way.</p><p><blockquote>许多分析师对T-Mobile的第三季度报告持谨慎态度，因为竞争对手的强劲表现和消费者数据黑客攻击可能会拖累这家洋红色无线公司的势头。结果不是那样的。</blockquote></p><p> The results were good enough to send T-Mobile stock (ticker: TMUS) soaring 6% in Wednesday morning trading, to around $123.</p><p><blockquote>这一结果足以让T-Mobile股票（股票代码：TMUS）在周三早盘交易中飙升6%，至123美元左右。</blockquote></p><p> T-Mobile reported 55 cents in earnings per share for the third quarter, ahead of analysts’ average estimate of 48 cents but, down from $1.00 in the same period a year ago. Management said that costs related to the merger with Sprint subtracted 56 cents per share from earnings in the period.</p><p><blockquote>T-Mobile公布第三季度每股收益为55美分，高于分析师平均预期的48美分，但低于去年同期的1.00美元。管理层表示，与Sprint合并相关的成本使该期间每股收益减少了56美分。</blockquote></p><p> Revenue in the period was $19.6 billion, up 2%, versus the Wall Street consensus of $20.2 billion. T-Mobile’s third-quarter adjusted Ebitda—short for earnings before interest, taxes, depreciation, and amortization—came in at $6.8 billion, matching estimates. Net income was almost $100 million better than expected at $691 million. The company also generated $1.6 billion in free cash flow, as expected.</p><p><blockquote>该期间收入为196亿美元，增长2%，而华尔街普遍预期为202亿美元。T-Mobile第三季度调整后Ebitda（息税折旧摊销前利润的缩写）为68亿美元，符合预期。净利润为6.91亿美元，比预期高出近1亿美元。正如预期的那样，该公司还产生了16亿美元的自由现金流。</blockquote></p><p> The financial results are hard to seriously criticize, but T-Mobile had set the bar high for itself. The company was coming off a pair of beat-and-raise quarters, and tends to do better than Wall Street’s numbers across the board each period it reports. As-expected results are actually a relatively weak showing for this perpetual outperformer.</p><p><blockquote>财务业绩很难受到严厉批评，但T-Mobile为自己设定了很高的标准。该公司经历了两个季度的表现，并且在其报告的每个时期的表现往往优于华尔街的数据。对于这家长期跑赢大盘的公司来说，预期的结果实际上相对较弱。</blockquote></p><p> But investors seemed to be expecting a much worse result. T-Mobile shares had declined 20% from July 1 through Tuesday’s close, while the S&P 500 had returned 7%.</p><p><blockquote>但投资者似乎预料到了更糟糕的结果。从7月1日到周二收盘，T-Mobile股价下跌了20%，而标准普尔500指数则上涨了7%。</blockquote></p><p> On the subscriber front, T-Mobile narrowly beat AT&T‘s (T) third-quarter net additions for wireless postpaid customers—meaning those who pay a monthly bill—but lagged behind its big blue rival in postpaid phones, which are seen as the most valuable.</p><p><blockquote>在用户方面，T-Mobile以微弱优势击败了AT&T(T)第三季度无线后付费用户（即每月支付账单的用户），但在后付费手机方面落后于其蓝色巨人竞争对手，后者被视为最有价值的手机。</blockquote></p><p> T-Mobile said Tuesday that it added a net 1.3 million postpaid subscribers in the third quarter, topping the average call on Wall Street for 1.2 million. Some 673,000 of those were postpaid phones, versus the consensus call of 645,000. AT&T added a net 1.2 million postpaid subscribers last quarter, including 928,000 postpaid phones.Verizon Communications (VZ), meanwhile, said last month that it added a net 699,000 postpaid subscribers including 429,000 postpaid phones in the third quarter.</p><p><blockquote>T-Mobile周二表示，第三季度后付费用户净增130万，超过华尔街120万的平均看涨期权。其中约673,000部是后付费手机，而普遍的看涨期权为645,000部。AT&T上季度净增120万后付费用户，其中包括928,000部后付费手机。与此同时，Verizon Communications(VZ)上个月表示，第三季度净增699,000名后付费用户，其中包括429,000部后付费手机。</blockquote></p><p> T-Mobile’s subscriber growth beat a lowered bar from Wall Street. The average estimate of postpaid net adds came down from more than 1.5 million since the start of September, while the postpaid phones net add target stood at 750,000 two months ago. In August, T-Mobile was hit by a cyberattack that exposed customer information including social-security numbers, addresses, and driver’s license information. T-Mobile said it had worked to quickly secure its systems and had offered customers an identity-theft monitoring service, but CEO Mike Sievert warned in September that the episode had affected T-Mobile’s business for some of the third quarter.</p><p><blockquote>T-Mobile的用户增长超过了华尔街降低的标准。自9月初以来，后付费手机净增量的平均估计从150多万部下降，而两个月前后付费手机净增量目标为75万部。8月，T-Mobile遭到网络攻击，暴露了包括社会安全号码、地址和驾照信息在内的客户信息。T-Mobile表示，它已努力快速保护其系统，并为客户提供身份盗窃监控服务，但首席执行官迈克·西弗特(Mike Sievert)在9月份警告称，这一事件影响了T-Mobile第三季度部分时间的业务。</blockquote></p><p> T-Mobile management lifted the bottom end of their 2021 postpaid subscriber growth target, to a current range of 5.1 million to 5.3 million net additions, versus between 5.0 million to 5.3 million a quarter ago. The company also now expects to realize merger-related cost savings faster than expected, and deliver $5.5 billion to $5.6 billion in free cash flow this year, from prior guidance of $5.2 billion to $5.5 billion.</p><p><blockquote>T-Mobile管理层将2021年后付费用户增长目标的下限提高到目前的净新增用户510万至530万，而一个季度前为500万至530万。该公司现在还预计将比预期更快地实现与合并相关的成本节约，并在今年实现55亿至56亿美元的自由现金流，而之前的指导值为52亿至55亿美元。</blockquote></p><p> Management also lifted their guidance for 2021 “core adjusted Ebitda,” which further excludes lease revenues from adjusted Ebitda, which already leaves out stock-based compensation, merger-related costs, Covid-19-related costs, and other noncash or nonrecurring expenses. T-Mobile now has a target of $23.4 billion to $23.5 billion in core adjusted Ebitda this year, up from $23.0 billion to $23.3 billion.</p><p><blockquote>管理层还提高了对2021年“核心调整后Ebitda”的指导，该指导进一步排除了调整后Ebitda中的租赁收入，该指导已经排除了股票薪酬、合并相关成本、Covid-19相关成本以及其他非现金或非经常性费用。T-Mobile目前的目标是今年核心调整后Ebitda为234亿美元至235亿美元，高于230亿美元至233亿美元。</blockquote></p><p> Zooming out beyond just the third quarter, T-Mobile’s momentum remains unmatched in the U.S. wireless industry. Last year’s acquisition of Sprint gave the combined company greater scale, wireless spectrum, and network assets, and has helped it to continue to win market share—on top of lower prices than Verizon and AT&T. Cost-savings benefits from the merger are showing up in T-Mobile’s bottom line as the lengthy integration process proceeds. Rising free cash flow will open the door to tens of billions of dollars of share repurchases in the coming years.</p><p><blockquote>仅在第三季度之后，T-Mobile的势头在美国无线行业仍然无与伦比。去年对Sprint的收购使合并后的公司拥有了更大的规模、无线频谱和网络资产，并帮助其继续赢得市场份额——而且价格低于Verizon和AT&T。随着漫长的整合过程的进行，合并带来的成本节约效益正在显现。自由现金流的上升将为未来几年数百亿美元的股票回购打开大门。</blockquote></p><p> The 20% discount to T-Mobile stock since the summer has made the shares all the more interesting. Almost 90% of Wall Street analysts have a Buy or equivalent rating on the stock, with an average price target of $169—some 45% above current levels.</p><p><blockquote>自夏季以来，T-Mobile股票20%的折扣使该股变得更加有趣。近90%的华尔街分析师对该股给予买入或同等评级，平均目标价为169美元，比当前水平高出约45%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/t-mobile-stock-earnings-51635888334?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMUS":"T-Mobile US Inc"},"source_url":"https://www.barrons.com/articles/t-mobile-stock-earnings-51635888334?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169010547","content_text":"T-Mobile US put recent investor fears to rest with its third-quarter results on Tuesday evening. The company fell short on revenue, but beat subscriber and earnings forecasts, and raised guidance for the remainder of 2021.\nMany analysts had been cautious going into T-Mobile’s third-quarter report, given the potential for strong showings by rivals and a consumer-data hack to weigh on the magenta-hued wireless company’s momentum. It didn’t turn out that way.\nThe results were good enough to send T-Mobile stock (ticker: TMUS) soaring 6% in Wednesday morning trading, to around $123.\nT-Mobile reported 55 cents in earnings per share for the third quarter, ahead of analysts’ average estimate of 48 cents but, down from $1.00 in the same period a year ago. Management said that costs related to the merger with Sprint subtracted 56 cents per share from earnings in the period.\nRevenue in the period was $19.6 billion, up 2%, versus the Wall Street consensus of $20.2 billion. T-Mobile’s third-quarter adjusted Ebitda—short for earnings before interest, taxes, depreciation, and amortization—came in at $6.8 billion, matching estimates. Net income was almost $100 million better than expected at $691 million. The company also generated $1.6 billion in free cash flow, as expected.\nThe financial results are hard to seriously criticize, but T-Mobile had set the bar high for itself. The company was coming off a pair of beat-and-raise quarters, and tends to do better than Wall Street’s numbers across the board each period it reports. As-expected results are actually a relatively weak showing for this perpetual outperformer.\nBut investors seemed to be expecting a much worse result. T-Mobile shares had declined 20% from July 1 through Tuesday’s close, while the S&P 500 had returned 7%.\nOn the subscriber front, T-Mobile narrowly beat AT&T‘s (T) third-quarter net additions for wireless postpaid customers—meaning those who pay a monthly bill—but lagged behind its big blue rival in postpaid phones, which are seen as the most valuable.\nT-Mobile said Tuesday that it added a net 1.3 million postpaid subscribers in the third quarter, topping the average call on Wall Street for 1.2 million. Some 673,000 of those were postpaid phones, versus the consensus call of 645,000. AT&T added a net 1.2 million postpaid subscribers last quarter, including 928,000 postpaid phones.Verizon Communications (VZ), meanwhile, said last month that it added a net 699,000 postpaid subscribers including 429,000 postpaid phones in the third quarter.\nT-Mobile’s subscriber growth beat a lowered bar from Wall Street. The average estimate of postpaid net adds came down from more than 1.5 million since the start of September, while the postpaid phones net add target stood at 750,000 two months ago. In August, T-Mobile was hit by a cyberattack that exposed customer information including social-security numbers, addresses, and driver’s license information. T-Mobile said it had worked to quickly secure its systems and had offered customers an identity-theft monitoring service, but CEO Mike Sievert warned in September that the episode had affected T-Mobile’s business for some of the third quarter.\nT-Mobile management lifted the bottom end of their 2021 postpaid subscriber growth target, to a current range of 5.1 million to 5.3 million net additions, versus between 5.0 million to 5.3 million a quarter ago. The company also now expects to realize merger-related cost savings faster than expected, and deliver $5.5 billion to $5.6 billion in free cash flow this year, from prior guidance of $5.2 billion to $5.5 billion.\nManagement also lifted their guidance for 2021 “core adjusted Ebitda,” which further excludes lease revenues from adjusted Ebitda, which already leaves out stock-based compensation, merger-related costs, Covid-19-related costs, and other noncash or nonrecurring expenses. T-Mobile now has a target of $23.4 billion to $23.5 billion in core adjusted Ebitda this year, up from $23.0 billion to $23.3 billion.\nZooming out beyond just the third quarter, T-Mobile’s momentum remains unmatched in the U.S. wireless industry. Last year’s acquisition of Sprint gave the combined company greater scale, wireless spectrum, and network assets, and has helped it to continue to win market share—on top of lower prices than Verizon and AT&T. Cost-savings benefits from the merger are showing up in T-Mobile’s bottom line as the lengthy integration process proceeds. Rising free cash flow will open the door to tens of billions of dollars of share repurchases in the coming years.\nThe 20% discount to T-Mobile stock since the summer has made the shares all the more interesting. Almost 90% of Wall Street analysts have a Buy or equivalent rating on the stock, with an average price target of $169—some 45% above current levels.","news_type":1,"symbols_score_info":{"TMUS":0.9}},"isVote":1,"tweetType":1,"viewCount":526,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/848997349"}
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