Sprint Corp. (S) Tops Q1 EPS by 4c

Sprint Corp. (NYSE: S) reported Q1 EPS of $0.04, $0.04 better than the analyst estimate of $0.00. Revenue for the quarter came in at $8.13 billion versus the consensus estimate of $8.02 billion.

Fiscal Year 2018 Outlook

• The company is increasing adjusted EBITDA* expectations on a reported basis to a range of $12.0 billion to $12.5 billion, as impacts of the new revenue recognition standard were higher than preliminary estimates. The previous expectation was $11.6 billion to $12.1 billion.
• Excluding the impact of the new revenue recognition standard, the company continues to expect adjusted EBITDA* to be $11.3 billion to $11.8 billion.
• The company continues to expect cash capital expenditures excluding leased devices to be $5 billion to $6 billion.

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

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