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Search resuls for: "Mobile US Inc"


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☆ U.S. Supreme Court lets House panel get Arizona Republican's phone records
  + stars: | 2022-11-14 | by ( Nate Raymond Andrew Chung | Nate Raymond | Andrew Chung | ) www.reuters.com   time to read: +3 min
The committee on Oct. 22 sent Trump himself a subpoena to testify under oath and provide documents. Trump, who is considering another run for the presidency in 2024, has accused the panel of waging unfair political attacks on him. Circuit Court of Appeals on Oct. 22 declined to put the subpoena on hold while Ward appealed. Ward and her husband, Michael Ward, both signed their names on one of the slates of alternate electors for Trump. Supreme Court Justice Elena Kagan had temporarily put the subpoena on hold on Oct. 28 while the full court decided how to proceed.
☆ Wall Street surges to sharply higher close ahead of Fed week
  + stars: | 2022-10-28 | by ( Stephen Culp | ) www.reuters.com   time to read: +4 min
Analysts now see third-quarter S&P 500 earnings growth of 4.1%, up from 2.5% on Thursday, according to Refinitiv data. Of the 11 major sectors of the S&P 500, all but consumer discretionary stocks (.SPLRCD), weighed down by Amazon shares, ended the session green. Third-quarter reporting season has passed the halfway point, with 263 of the companies in the S&P 500 having reported. The S&P 500 posted 32 new 52-week highs and eight new lows; the Nasdaq Composite recorded 117 new highs and 115 new lows. Volume on U.S. exchanges was 11.26 billion shares, compared with the 11.53 billion average over the last 20 trading days.
☆ T-Mobile’s Outlook Improves After Customer Gains Top Rivals
  + stars: | 2022-10-27 | by ( Drew Fitzgerald | ) www.wsj.com   time to read: 1 min
T-Mobile’s customer gains have led the wireless industry for most of the past two years. T-Mobile US Inc. said its cost and customer trends had improved heading into the end of 2022 after the company logged its strongest jump in core phone subscriptions since its merger with Sprint Corp. The cellphone carrier reported a net gain of 854,000 postpaid phone connections during the recent quarter, a postmerger record that outpaced both AT&T Inc. and Verizon Communications Inc. The tally topped the average estimate of 725,000 from analysts polled by FactSet.
☆ T-Mobile raises 2022 forecast for wireless subscriber additions again
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +1 min
Oct 27 (Reuters) - T-Mobile US Inc (TMUS.O) on Thursday raised its annual forecast for monthly bill-paying wireless subscriber additions for the third time this year, after beating estimates for quarterly additions as inflation-weary people lapped up its affordable plans. The telecoms giant has been offering discounts on smartphones and plans at industry-low prices to attract subscribers and stave off competition. T-Mobile added 854,000 monthly bill-paying phone subscribers in the third quarter, far higher than FactSet estimates of 724,800. In comparison, AT&T added 708,000 wireless subscribers in the third quarter, while Verizon, the largest U.S. carrier by subscribers, only added 8,000 customers in the same period due to its price hikes. T-Mobile expects to add between 6.2 million and 6.4 million net monthly-bill paying subscribers in 2022, up from a prior forecast of 6 million to 6.3 million.
☆ Comcast quarterly revenue beats but broadband, advertising growth muted
  + stars: | 2022-10-27 | by ( Eva Mathews Helen Coster | Eva Mathews | Helen Coster | ) www.reuters.com   time to read: +2 min
It reported 15 million paid subscribers for its Peacock streaming service, up from 13 million in the previous quarter. Total company revenue fell 1.5% to $29.85 billion in the quarter, compared with estimates of $29.65 billion, according to Refinitiv data. Net loss attributable to Comcast was $4.6 billion, or $1.05 per share, compared with a profit of $4.04 billion, or 86 cents per share, a year earlier. The net loss was partly due to an $8.6 billion goodwill impairment charge in its UK pay-TV company, Sky. NBCUniversal's theme parks division generated $2.06 billion in revenue, versus $1.45 billion a year ago.
☆ Verizon profit drops 23% as pricier plans result in subscriber loss
  + stars: | 2022-10-21 | by ( Eva Mathews | ) www.reuters.com   time to read: +2 min
Oct 21 (Reuters) - Verizon Communications Inc (VZ.N) posted a 23% slide in third-quarter profit and missed market estimates for wireless subscriber additions on Friday, as several customers opted for cheaper plans from rivals AT&T Inc (T.N) and T-Mobile US Inc (TMUS.O). Verizon lost 189,000 monthly bill-paying phone subscribers in its consumer business in the quarter after the U.S. carrier raised prices for its plans in June through additional charges, which was over and above its already pricier plans. Register now for FREE unlimited access to Reuters.com RegisterVerizon added 8,000 net new monthly bill paying wireless phone subscribers in the quarter, well below Factset estimates of 35,400 additions. Telecom players are coming under increasing pressure to keep their plans affordable as rising cost of living crimps discretionary spending by customers. Total revenue, however, rose 4% to $34.2 billion, above expectations of $33.78 billion, according to Refinitiv data.
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