T-Mobile posted profit of $225 million on revenue of $9.2 billion for its second quarter.
T-Mobile US added 1.9 million customers during its second quarter, bringing its total subscriber count to more than 67 million.
The Bellevue wireless carrier reported profit of $225 million on revenue of $9.2 billion for the quarter, beating analyst expectations and sending the stock price up more than 1 percent to about $45.63 during trading Wednesday. Revenue increased 12.8 percent from the same period a year ago, but profit fell from $361 million in the second quarter of 2015.
The company attributed the profit decline to higher interest expenses.
Wall Street analysts expected revenue of $9.03 billion for the quarter. T-Mobile’s earnings per share of 25 cents beat expectations by 3 cents.
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T-Mobile has made a name for itself from frequent and often in-your-face campaigns to persuade people to switch to T-Mobile from their current carrier.
T-Mobile still lags behind larger rivals AT&T and Verizon Wireless but is gaining ground.
Verizon, which announced a deal Monday to acquire Yahoo, disappointed investors this week with second-quarter results that showed slowing revenue and subscriber growth.