Earnings Roundup: T-Mobile Beats, Starbucks Boosts Outlook, Visa's Revenue Best Since 2022

Today's biggest winners and losers in the stock market.On this episode of Stock Movers, we get a roundup of earnings after the bell: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.- T-Mobile (TMUS) beat Wall Street expectations for the number of new customer accounts it added in the first quarter, as a new chief executive officer looks to put his stamp on the company.The Bellevue, Washington-based carrier added 217,000 new monthly accounts, a 6% year-over-year increase, compared with analysts’ estimates for 192,860. The company is no longer reporting changes in wireless customer additions, an initiative under CEO Srini Gopalan, who took over the top spot in November.- Starbucks (SBUX) wants to win diners over with cushier seats, more appetizing pastry displays and speedier service. It’s working. The company now sees comparable sales rising at least 5% in the current fiscal year, up from its previous view of 3% or more, according to a statement on Tuesday. It also increased its outlook for earnings per share. In the company’s fiscal second quarter that ended in late March, comparable sales rose 6.2%, exceeding analysts’ expectations for a 3.7% increase. Customers in the US placed more orders, helping power the results and offsetting slower growth in China. The shares rose as much as 7.5% in extended trading as of 4:11 p.m. New York time. The stock has gained about 16% so far this year, surpassing the 4% advance of the S&P 500 Index.- Visa (V) earnings topped estimates as consumers used the company’s branded cards for transactions across the world. Adjusted earnings per share were $3.31 for the fiscal second quarter, according to a statement Tuesday. That surpassed the average estimate from analysts of $3.10. Revenue rose 17% from a year earlier, the biggest increase since 2022, the company said.See omnystudio.com/listener for privacy information.