Sprint Corp. (S) Tops Q3 EPS by 2c
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Price: $20.47 +2.09%
Revenue Growth %: +35.8%
Financial Fact:
Selling, general and administrative: 2B
Today's EPS Names:
BVFL, MCET, REOS, More
Revenue Growth %: +35.8%
Financial Fact:
Selling, general and administrative: 2B
Today's EPS Names:
BVFL, MCET, REOS, More
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Sprint Corp. (NYSE: S) reported Q3 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $8.08 billion versus the consensus estimate of $8.22 billion.
- Wireless service revenue of $5.2 billion
- Postpaid wireless service revenue of $4.2 billion was stable sequentially and year-over-year
- Postpaid average revenue per account (ARPA) of $124.80 and postpaid phone average revenue per user (ARPU) of $50.37 were stable sequentially and year-over-year
- Net loss of $120 million, operating income of $66 million, and adjusted EBITDA* of $2.5 billion
- Postpaid net additions of 494,000
- 10th consecutive quarter of net additions
- Data device net additions of 609,000 were partially offset by phone net losses of 115,000
- Average postpaid accounts of 11.3 million grew sequentially and year-over-year for the third consecutive quarter
- Digital capabilities driving higher sales, better customer experience, and cost efficiencies
- Postpaid gross additions in digital channels increased 80 percent year-over-year
- More than 25 percent of all targeted customer care web chats are performed by virtual agents using artificial intelligence
- Continued execution of Next-Gen Network plan
- Second fastest network and most improved operator based on national average download speeds
- True Mobile 5G coverage expanded to 20 million people
For earnings history and earnings-related data on Sprint Corp. (S) click here.
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