T-Mobile CEO Flags Q4 Risks, Confirms 3M Net Additions Guidance; Shares Rise 1.32% and 2.7% in Premarket

T-Mobile's CEO Mike Sievert addressed concerns regarding the company's Q4 performance during the UBS Conference, stating that the quarter is 'back end loaded' and cautioning investors about potential risks in the latter half. Sievert clarified that his previous comments had been misinterpreted, asserting that Q4 is trending at least in line with prior expectations, if not better. He reaffirmed the company's guidance of approximately 3 million postpaid phone net additions for 2024. Following these remarks, T-Mobile shares rose by 1.32% in premarket trading, with a subsequent increase of 2.7% noted later in the session.