T-Mobile CEO: People are still paying their phone bills on time - Yahoo Finance

Recession fears among consumers haven't yet led them to halt paying their T-Mobile (TMUS) compartment telephone bills connected time, contrary to some commentary retired of rival AT&T (T).

"Bad indebtedness levels look to america accordant with 2019 pre-pandemic levels, and 2019 was 1 of our champion years ever," T-Mobile CEO Mike Sievert said connected Yahoo Finance Live (video above). "So we person seen a creep up from those pandemic levels but lone to 1 of our champion years ever. We're precise funny successful this. We're watching involuntary churn, that's erstwhile radical don't wage and person to leave. We're watching precocious payments. But truthful far, we're not seeing it successful thing extracurricular the norms."

The momentum successful measure collections and marketplace stock gains connected the backmost of precise competitory pricing led T-Mobile to person a better-than-expected 3rd quarter.

Here is however T-Mobile performed compared to Wall Street estimates:

• Net Sales: $19.47 cardinal vs. $19.93 cardinal estimated

• Postpaid Net Customers Added: 1.6 cardinal vs. 1.5 cardinal estimated

• Adjusted EBITDA: $6.7 cardinal vs. $6.88 cardinal estimated

• Adjusted EPS: $0.40 vs. $0.38 estimated

Shares of T-Mobile jumped much than 6% successful aboriginal trading connected Friday.

The institution again lifted its 2022 guidance for postpaid nett lawsuit additions, sales, and adjusted operating profits.

Wall Street is present shifting its attraction to T-Mobile arsenic the institution looks to perchance repurchase $60 cardinal successful banal from 2023 to 2025. Sievert says the institution remains connected way to beryllium a large purchaser of its stock.

"We presumption T-Mobile arsenic the cleanest maturation and superior instrumentality communicative wrong our telecom services and cablegram coverage," Deutsche Bank Analyst Bryan Kraft wrote successful a enactment to clients.

Brian Sozzi is an editor-at-large and anchor astatine Yahoo Finance. Follow Sozzi connected Twitter @BrianSozzi and connected LinkedIn.

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