=T-Mobile US (TMUS) reported earnings on Mon 24 Oct 2016 (b/o)

T-Mobile US beats by $0.05, misses on revs; raises FY16 EBITDA, postpaid net customer adds guidance:

• Reports Q3 (Sep) earnings of $0.27 per share, excluding $0.15 in spectrum gains, $0.05 better than the Capital IQ Consensus of $0.22; revenues rose 17.8% year/year to $9.25 bln vs the $9.45 bln Capital IQ Consensus. Adjusted EBITDA was $2.630 billion in the third quarter of 2016, up 6.7% from $2.464 billion in the second quarter of 2016 and up 37.8% from $1.908 billion in the third quarter of 2015.
• 2.0 million total net adds -- 14th consecutive quarter of over 1 million; 851,000 branded postpaid phone net adds -- industry leader in net adds for the 11th consecutive quarter
• Adjusted EBITDA in the third quarter of 2016 included a pre-tax gain of $199 million from spectrum license transactions.
• Branded postpaid net customer additions for the full-year 2016 are now expected to be between 3.7 and 3.9 million, an increase from the previous guidance range of 3.4 to 3.8 million.
• For the full-year 2016, T-Mobile now expects Adjusted EBITDA to be in the range of $10.2 to $10.4 billion, raising and narrowing the previous guidance range of $9.8 to $10.1 billion. This guidance includes the aggregate net impact from leasing and Data Stash, now expected to be ~$1.0 to $1.1 billion, and $0.8 billion related to spectrum gains recognized in the first nine months of 2016.
• Cash capital expenditures for the full-year 2016 are expected to be in the range of $4.5 to $4.7 billion, narrowing the previous guidance range of $4.5 to $4.8 billion.