T-Mobile Jumped Nearly 10% in Morning Trading after Q4 Profit Beat

T-Mobile jumped nearly 10% in morning trading after Q4 profit beat.

T-Mobile said Wednesday it expects to add 5 million to 5.5 million new subscribers this year. Analysts had forecast 5 million, according to the average of analysts surveyed by Bloomberg.

The strong forecast buoyed investors who were bracing for an industry slowdown. T-Mobile typically projects conservatively and then beats its own targets.