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T-Mobile US(TMUS) Shares Plunge 11.22% on Customer Growth Miss
Generated by AI AgentAinvest Movers Radar
Friday, Apr 25, 2025 6:27 pm ET1min read
T-Mobile US(TMUS) shares plummeted 11.22%, hitting their lowest level since January 2025, with an intraday decline of 12.03%.
T-Mobile US's stock price has been influenced by several recent factors. The company reported first-quarter profits and sales that exceeded estimates, leading to an upward revision of its full-year forecast. However, the positive earnings report was overshadowed by the fact that the cellphone service provider added fewer new customers than anticipated, causing
shares to fall.Additionally,
announced a significant multiyear extension of a radio access network supply deal with . This development is noteworthy as it dispels previous speculation that Nokia might lose this contract, similar to the situation with AT&T. This extension is expected to provide stability and continuity in T-Mobile's network infrastructure, which could be a positive factor for the company's long-term growth.
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