T-Mobile Us Inc (NASDAQ: TMUS) Stock Surged 7.06% on Friday

T-Mobile Us Inc (NASDAQ: TMUS) shares are trading at $115.91 by gaining 7.06% on Friday.


On Thursday, the company reported a second-quarter net income of $110 million, or 9 cents a share, compared with $939 million, or $1.09 a share, in the year-ago period. Revenue rose to $17.67 billion from $10.98 billion in the year-ago quarter.

T-Mobile US Inc. (TMUS) shares surged in the extended session after the wireless provider said it surpassed AT&T Inc. (T) in the number of customers, making it the second-largest largest U.S. provider behind Verizon Communications Inc. (VZ), following its merger with Sprint.

The shares of T-Mobile rallied 6% after hours, following a 0.2% rise in the regular session to close at $108.10. T-Mobile said it added 1.2 million net new customers for a total of 98.3 million.

The analysts surveyed by FactSet had also forecast earnings of 12 cents a share on revenue of $17.64 billion. T-Mobile closed its acquisition of Sprint back in April. AT&T reported its earnings back in July.