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T-Mobile US beats target for postpaid customer growth
2015-01-07 16:00:00| Telecompaper Headlines
(Telecompaper) T-Mobile US reported strong-than-expected customer growth in the fourth quarter and beat its full-year forecast for postpaid growth. The mobile operator added a net 2.1 million customers in Q4, for a total of just over 55 million, an increase of 17.9 percent year-on-year. In the retail postpaid market, T-Mobile gained 1.3 million new customers in the quarter and added over 1.0 million new phones to its network. For the full year 2014, the company reported the net addition of 4.9 million retail postpaid subscribers, better than its already improved guidance of 4.3-4.7 million. In Q4, the operator also added 266,000 prepaid customers, mainly under the MetroPCS brand, and 586,000 wholesale customers (152,000 in M2M and 434,000 at MVNOs). T-Mobile said the figures show it continues to win market share from its bigger rivals. The company gave figures for the postpaid porting market in Q4 showing it was winning 1.4 customers for every one lost to Verizon, 1.8 versus AT&T and 2.2 versus Sprint. Despite the strong increase in customers, T-Mobile said it was "managing the balance between growth and profitability". It did not give any profit figures, ahead of a full annual report in February.
Tags: customer
growth
target
beats
Dre and Iovine sued over Beats
2015-01-07 13:20:16| BBC News | Business | UK Edition
Rapper Dr Dre and record producer Jimmy Iovine are being sued by a former business partner who used to own part of Beats.
Oil gains as US growth beats expectations
2014-12-23 22:52:11| Electronics - Topix.net
World oil prices rose Tuesday as strong US economic data sparked a round of buying in the beaten-down commodity. US benchmark West Texas Intermediate for February delivery rose $1.86 to $57.12 a barrel on the New York Mercantile Exchange.
Tags: growth
oil
expectations
gains
Make that 10 in a row, Nike beats Wall Street again
2014-12-19 04:12:04| Apparel - Topix.net
The Washington County-based sportswear giant reported fiscal second-quarter revenue of $7.4 billion, ahead of the $7.15 billion expected by analysts. The company also announced $0.74 in quarterly earnings per share, ahead of the $0.70 expected by Wall Street.
General Mills profit beats estimates due to cost cuts
2014-12-18 06:31:44| Food - Topix.net
General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reaffirmed its full-year forecast and reported a better-than-expected profit as it cut costs to battle weak sales in the United States. General Mills has embarked on a cost-saving program that aims to save more than $400 million in fiscal 2015.
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