Sprint Corp. (S) Reports Q4 Loss of $0.07

Sprint Corp. (NYSE: S) reported Q4 EPS of ($0.07), versus ($0.14) reported last year. Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.69 billion. Adj EBITDA was $2.68 billion, versus the consensus of $2.66 billion.

• Fiscal year 2016 postpaid phone net additions of 930,000 more than doubled year-over-year
  • Highest postpaid phone gross additions in four years
  • Fiscal fourth quarter postpaid phone net additions of 42,000 were the tenth consecutive quarter of year-over-year improvement
• Return to prepaid customer growth with 180,000 net additions in the fiscal fourth quarter
• Fiscal year 2016 net operating revenues of $33.3 billion grew for the first time in three years
  • Fiscal fourth quarter net operating revenues of $8.5 billion grew 6 percent year-over-year
• Fiscal year 2016 net loss of $1.2 billion, operating income of $1.8 billion, and Adjusted EBITDA* of nearly $10 billion
  • Highest operating income in 10 years and highest Adjusted EBITDA* in nine years
  • $2.1 billion of year-over-year reductions in cost of service and selling, general, and administrative expenses in fiscal year 2016
  • Fiscal fourth quarter net loss of $283 million, operating income of $470 million, and Adjusted EBITDA* of $2.7 billion
• Fiscal year 2016 net cash provided by operating activities of $4.2 billion and adjusted free cash flow* of $607 million

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

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