Why Investors Were Slamming the Phone Down on T-Mobile US Stock Today

Remarks uttered by the CEO of T-Mobile US (NASDAQ: TMUS) on Monday weren't exactly well received by investors. Absent any other market-moving news about their stock, they traded out of the No. 3 mobile carrier assertively. By the end of the day, its price had sunk by more than 6%, notably worse than the 0.6% drop of the S&P 500 index.Speaking at the UBS Global Media and Telecommunications conference Monday, T-Mobile US Chief Mike Sievert essentially said his company's investors should prepare for some discouraging news coming down the pike. Specifically, he warned that certain factors will act as tailwinds on the telecom company's results, and some figures won't be as good as they were in the third quarter. Much of this has to do with an anticipated slowdown in customer additions, which Sievert described as notching a "decade-long record" in said quarter. The company's performance in this aspect of its business was indeed strong, with net "adds" of 865,000 subscribers in that period.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool