Sprint Corp. (S) Reports Q2 Loss of $0.04/Share

October 25, 2016 7:46 AM EDT
Get Alerts S Hot Sheet
Trade S Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

Sprint Corp. (NYSE: S) reported Q2 EPS of ($0.04), versus ($0.15) reported last year. Revenue for the quarter came in at $8.25 billion, versus $8 billion reported last year.

Fiscal Year 2016 Outlook

  • The company is raising its guidance for operating income from its previous expectation of $1 billion to $1.5 billion to a range of $1.2 billion to $1.7 billion, partially due to the net benefit of special items in the quarter.
  • The company now expects cash capital expenditures, excluding devices leased through indirect channels, to be less than $3 billion, as the company has better visibility into the timing of payments associated with its network densification plan.
  • The company continues to expect Adjusted EBITDA* of $9.5 billion to $10 billion and Adjusted free cash flow* around break-even.

For earnings history and earnings-related data on Sprint Corp. (S) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance, Hot Earnings

Related Entities

Earnings

Add Your Comment