From CNET: T-Mobile has shown it can win over customers at an impressive rate. Now it needs to prove it can consistently make money doing so.
If the second quarter's results are any indication, T-Mobile is off to a good start. The nation's fourth-largest wireless carrier posted a profit of $361 million, or 42 cents a share, on revenue of $8.2 billion. Analysts, on average, had forecast earnings of 18 cents a share on revenue of $7.94 billion, according estimates compiled by Yahoo.
Just as important: T-Mobile said it expects to keep posting a profit for the rest of the year.
T-Mobile shares rose 5.6 percent to $39.10 in pre-market trading.
The figures are further indications that T-Mobile's "Uncarrier" campaign, which the company says focuses on the aspects of the wireless industry that annoy consumers, has had a positive effect on its fortunes as it seeks to pick off customers from larger rivals Verizon Wireless and AT&T. It is also looking to finally surpass No. 3 carrier Sprint, which as of the last quarter held a narrow edge in customers. T-Mobile's moves are just part of a broader intensification of competition in the wireless business.
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