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Tribune News Service
Tribune News Service
Business
Rachel Lerman

T-Mobile's 2Q revenue climbs 10 percent as profit doubles

SEATTLE _ T-Mobile US added 1.3 million customers during its second quarter, continuing its rapid growth as more consumers switch to what the company calls its Uncarrier model.

The telecom, based outside Seattle, reported second-quarter revenue of $10.1 billion, up 10 percent from the year-ago period and beating analyst estimates.

T-Mobile reported profit of $581 million, more than double the $225 million the company posted in its second quarter last year.

CEO John Legere called the results "outstanding" on a video blog announcing the news.

"Our performance broke records and probably the hopes and dreams of a few folks at Verizon and AT&T," he said, continuing his routine of taking jabs at the other top U.S. carriers.

T-Mobile's stock price ticked up slightly in after-hours trading Wednesday to $62 a share.

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