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T-Mobile At Westfield UTC In San Diego
(Kevin Carter/Getty Images)

T-Mobile leaps after Q2 subscriber surge and fresh guidance boost

The wireless provider is raising the bar (literally) as it blows past rivals in subscriber growth.

Nia Warfield

T-Mobile shares jumped over 6% Thursday as Wall Street digested the wireless giant’s better-than-expected Q2 earnings results after the bell Wednesday and a fresh upgrade to its full-year forecast.

Diluted earnings per share came in at $2.84, topping the $2.68 analysts expected, while revenue edged past estimates at $21.1 billion. T-Mobile also raised its full-year guidance, now expecting 6.1 million to 6.4 million postpaid net customer additions (up from 5.5 million to 6 million), and lifted the midpoint of its core adjusted EBITDA outlook to $33.5 billion.

The largest US wireless carrier by market cap added 1.7 million postpaid subscribers in Q2, topping the Street’s estimate of 1.3 million, easily outpacing rivals AT&T and Verizon. The company has credited its growth to new pricing initiatives and a renewed push on value, including a five-year price lock on select plans.

T-Mobile shares are now up nearly 13% year to date.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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