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4-Traders Homepage  >  Equities  >  Nasdaq  >  Charter Communications Inc    CHTR

CHARTER COMMUNICATIONS INC (CHTR)
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T-Mobile profit surges on $2.2 billion tax gain

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02/08/2018 | 05:36pm CEST
T-Mobile logo is advertised on building sign in Los Angeles

(Reuters) - T-Mobile US Inc's (>> T-Mobile US) quarterly profit jumped nearly sevenfold as the No. 3 U.S. wireless carrier recorded a $2.2 billion gain from recent changes in U.S. tax laws, but Wall Street analysts raised questions about the company's growth.

(Reuters) - T-Mobile US Inc's (>> T-Mobile US) quarterly profit jumped nearly sevenfold as the No. 3 U.S. wireless carrier recorded a $2.2 billion gain from recent changes in U.S. tax laws, but Wall Street analysts raised questions about the company's growth.

T-Mobile has been using lower prices and added perks to take market share from larger rivals Verizon Communications Inc (>> Verizon Communications) and AT&T Inc (>> AT&T) in a saturated market for wireless services. The company ended merger talks with rival Sprint Corp (>> Sprint Corp) late last year.

In 2018, T-Mobile said it expects to add between 2 million and 3 million subscribers who pay a monthly bill. Analysts called the numbers conservative.

"Management always guides conservatively," said Jonathan Chaplin, an analyst at New Street Research, in a research note. He noted that in 2017, T-Mobile exceeded the high end of its initial expectations on subscriber additions.

But Craig Moffett, an analyst at MoffettNathanson, said in a note that cable companies' entry into the wireless market posed concerns about future growth. Comcast Corp (>> Comcast Corporation) already sells mobile service and Charter Communications Inc (>> Charter Communications Inc) plans to enter the market.

"It is not unreasonable to think that the two cable operators could capture a third of all market growth," he wrote. "It is not unreasonable to assume that even go-go T-Mobile will see slower subscriber growth."

Shares were down 2.5 percent to $60.50 in mid-morning trading.

The company said it added 891,000 phone subscribers in the fourth quarter, compared with 933,000 a year earlier.

T-Mobile's net income was $2.71 billion, or $3.11 per share, in the quarter ended Dec. 31, up from $390 million, or 45 cents a share, a year earlier.

Excluding items, the company earned 48 cents per share.

Revenue rose 5.1 percent to $10.76 billion. Analysts, on average, were expecting revenue of $10.83 billion, according to Thomson Reuters I/B/E/S.

Last month, the wireless carrier said it had closed on its acquisition of Layer3 TV, a startup that has marketed itself as a next-generation cable service, for an undisclosed amount. It has plans to launch a new streaming service this year.

(Reporting by Anjali Athavaley in New York and Supantha Mukherjee in Bengaluru; Editing by Shounak Dasgupta and Marguerita Choy)

Stocks mentioned in the article
ChangeLast1st jan.
AT&T -0.62% 32.2252 Delayed Quote.-16.18%
COMCAST CORPORATION -1.75% 31.93 Delayed Quote.-19.25%
SPRINT CORP -0.87% 5.13 Delayed Quote.-13.24%
T-MOBILE US -0.66% 56.72 Delayed Quote.-9.97%
VERIZON COMMUNICATIONS -0.56% 48.539 Delayed Quote.-8.50%
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Financials ($)
Sales 2018 43 567 M
EBIT 2018 5 022 M
Net income 2018 1 034 M
Debt 2018 71 515 M
Yield 2018 -
P/E ratio 2018 65,44
P/E ratio 2019 35,33
EV / Sales 2018 3,10x
EV / Sales 2019 3,00x
Capitalization 63 647 M
Chart CHARTER COMMUNICATIONS INC
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Charter Communications Inc Technical Analysis Chart | CHTR | US16119P1084 | 4-Traders
Technical analysis trends CHARTER COMMUNICATIONS INC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 376 $
Spread / Average Target 41%
EPS Revisions
Managers
NameTitle
Thomas M. Rutledge Chairman & Chief Executive Officer
John Bickham President & Chief Operating Officer
Christopher L. Winfrey Chief Financial Officer
James A. Blackley EVP-Engineering & Information Technology
W. Lance Conn Independent Director
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