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

October 25, 2016 7:46 AM EDT

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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.

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