The Alcoa 2Q 2017 earnings and T-Mobile US 2Q 2017 earnings reports were released after closing bell tonight. Alcoa posted adjusted earnings of 62 cents per share on $2.9 billion in revenue, against the consensus estimates of 60 cents per share and $2.85 billion in revenue. The aluminum maker reported $2.3 billion in revenue and adjusted losses of 23 cents per share in last year’s second quarter.
T-Mobile US reported 67 cents per share in earnings on $10.2 billion in revenue, compared to the Wall Street estimates of 38 cents per share and $9.8 billion in revenue. In last year’s second quarter, the mobile carrier reported earnings of 25 cents per share on $9.3 billion in revenue.
T-Mobile US 2Q 2017 earnings report
By T-Mobile (File derived from T-Mobile logo.svg) [Public domain], via Wikimedia Commons
T-Mobile added 1.3 million subscribers in the second quarter, as the carrier said the second quarter marked the 17th consecutive quarter in which it added more than 1 million subscribers. The adds included 817,000 total branded postpaid subscribers and 786,000 branded postpaid phones. T-Mobile’s branded phone churn rate fell 17 basis points year over year to 1.1%, a record low.
Service revenues grew to $7.4 billion from $6.9 billion a year ago. Adjusted EBITDA increased to $3 billion from $2.5 billion a year ago. Average revenue per branded postpaid phone user was essentially flat year over year at $47.01.
The mobile carrier raised its guidance for full-year branded postpaid net adds to between 3 million and 3.6 million from between 2.8 million and 3.5 million. T-Mobile also boosted its adjusted EBITDA to a range of $10.5 billion to $10.9 billion from the previous range of $10.4 billion to $10.8 billion.
Following the T-Mobile US 2Q 2017 earnings report, the mobile carrier’s stock was little changed, ticking higher by as much as 0.05% to $62 a share in after-hours trading.
Alcoa 2Q 2017 earnings report
