T-Mobile Us Inc Misses, Ups Net Adds Outlook, UPS Beats

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T-Mobile Us Inc Misses, Ups Net Adds Outlook, UPS Beats

T-Mobile and United Parcel Service released their earnings results from their first fiscal quarters before opening bell this morning. T-Mobile reported a loss of 9 cents per share on $7.8 billion in revenue, a 13.1% increase from last year. Analysts had been expecting losses of 8 cents per share on $7.7 billion in revenue for the first quarter. In the same quarter a year ago, the mobile carrier reported losses of 19 cents per share.

UPS posted earnings of $1.12 per share on $14 billion in revenue. Analysts had been expecting earnings of $1.09 per share on $14.3 billion in revenue.

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Key metrics from T-Mobile’s earnings report

T-Mobile reported 1.8 million net adds during the quarter and its best-ever branded postpaid churn of 1.3%. The mobile carrier recorded 1.1 million branded postpaid net adds and 1 million branded postpaid phone net adds. Service revenues rose 9% to $5.8 billion, while adjusted EBITDA increased 27.6% to $1.4 billion. Total device sales were 8.8 million units, including 8 million smartphone units.

Branded average billings per user fell 1.4% quarter over quarter and increased 2.4% year over year to $60.94. Average revenue per user fell 3.8% sequentially to $46.43.

Management raised their subscriber guidance for branded postpaid net adds of between 3 million and 3.5 million. They maintained their adjusted EBITDA target of between $6.8 billion and $7.2 billion and their target of between $4.4 billion and $4.7 billion in capital expenditures.

Key metrics from UPS’ earnings report

UPS said Domestic Package revenue increased 3.8% to $8.8 billion, while daily package volume grew 2.4%. Total revenue per package rose 1.3% in the segment. International revenue rose 2.4% to $3 billion for the first quarter. Export shipments increased 6.7%.

Revenue from UPS’ Supply Chain and Freight segment rose 1.3% to $2.2 billion. Forwarding revenue fell as a result of currency headwinds and “revenue management actions. The package delivery service’s Distribution service also grew due to strength in Healthcare and Retail. Freight revenue increased 2.3%

Management also reaffirmed their guidance of between 6% and 12% in earnings per share growth for the full year.

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