Shares of T-Mobile US Inc. were up more than 2% in premarket trading Wednesday after the telecommunications giant raised its full-year subscriber forecast and increased its synergy targets related to the combination with Sprint. T-Mobile posted a net loss of $108 million, or 9 cents a share, whereas it recorded net income of $978 million, or 78 cents a share, in the year-prior quarter. The company noted that the current-year figure reflected $1.3 billion in merger-related costs, $358 million in wireline impairment expenses, and $300 million in costs related to litigation settlement around a 2021 cyberattack. Analysts tracked by FactSet were expecting 22 cents in GAAP earnings per share. T-Mobile also reported adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $7.0 billion, up slightly from $6.9 billion a yer before, while analysts had been looking for $6.8 billion. Total revenue dipped to $19.7 billion from $20.0 billon, whereas analysts had been calling for $20.1 billion. T-Mobile said that it had postpaid phone net customer additions of 723,000 in the latest quarter. The company now expects $5.4 billion to $5.6 billion in merger synergies related to its combination with Sprint, up from a prior target of $5.2 billion to $5.4 billion. Additionally, T-Mobile raised its full-year forecast and now anticipates 6.0 million to 6.3 million postpaid net customer additions, up from a prior forecast of 5.3 million to 5.8 million.

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