T-Mobile stock dips 6.2% amid UBS conference remarks

Shares of T-Mobile experienced a significant downturn during intraday trading, dropping by as much as 6.2%, marking the steepest decline since June 2023.

The slump occurred as the company participated in a conference hosted by UBS.

The company's CEO highlighted in his presentation that the fourth quarter is "back-end loaded," indicating that a substantial portion of the company's expected revenue and business activities is concentrated towards the end of the quarter.

Furthermore, he mentioned that "there is a lot of risk in the back half" of the quarter, signaling potential challenges that could impact the company's performance.

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Source: Investing.com