T-Mobile experienced a significant drop in its stock price, with a decline of 6.2% during intraday trading. This decline is the largest the company has seen since June 2023.
The drop occurred while T-Mobile's CEO was speaking at a conference hosted by UBS. The CEO's remarks raised concerns among investors, as he mentioned that the fourth quarter is "back-end loaded." This suggests that a significant portion of anticipated revenue and business activities will occur later in the quarter. The CEO also warned of potential challenges in the back half of the quarter, indicating that there is a lot of risk that could negatively impact the company's performance.