T-Mobile US(TMUS) Shares Plunge 11.22% on Customer Growth Miss

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 TMUS shares to fall.

Additionally, Nokia announced a significant multiyear extension of a radio access network supply deal with T-Mobile US. 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.