T-Mobile Chief Executive Officer Mike Sievert warned investors to “be cautious” about the telecom company’s fourth-quarter results, which will be “back-end loaded.”
Speaking at the UBS investor conference, Sievert said the company expects some year-end factors to drag on results, which won’t be as good as the third quarter.
Shares fell as Sievert made his remarks and closed the day 6.12% down.
The third quarter saw a “decadelong record” for T-Mobile in adding new mobile customers, Sievert said. It will be tough to top that performance in the final three months of the year, which could lead some people to be worried about a slowdown, he said.
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Bellevue-based T-Mobile reported a net 865,000 additional monthly phone subscribers in the third quarter, beating analysts’ estimates and prompting it to raise forecasts for new customers and earnings this year. The company said in October that it expects net customer additions of 5.6 million to 5.8 million, up from an earlier forecast of as much as 5.7 million.
Core adjusted earnings before interest, tax, depreciation and amortization are now seen at $31.6 billion to $31.8 billion, the company said in October.
As growth from mobile customers has slowed among the big three companies, providers are focusing on converged connectivity, or giving customers high speed internet at home or on the go in addition to wireless phone packages and streaming options.
Sievert said T-Mobile is going to reach 12 million subscribers for its fixed-wireless product and pondered whether the company could “get beyond,” that number.
This story was originally published at bloomberg.com. Read it here.
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