Sprint Corp. (S) Tops Q4 EPS by 9c
Sprint Corp. (NYSE: S) reported Q4 EPS of $0.02, $0.09 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $8.08 billion versus the consensus estimate of $8 billion.
- Fiscal year 2017 postpaid phone net additions of 606,000
- Third consecutive year of postpaid phone net additions
- Highest postpaid phone gross additions in six years
- Fiscal fourth quarter postpaid phone net additions of 55,000 marked the eleventh consecutive quarter of net additions
- Fiscal year 2017 prepaid net additions of 363,000 compared to net losses of 1 million in the prior year
- Prepaid net additions for the first time in three years
- Prepaid churn of 4.58 percent was the lowest in three years
- Fiscal fourth quarter prepaid net additions of 170,000
- Fiscal year 2017 net income of $7.4 billion, operating income of $2.7 billion and Adjusted EBITDA* of $11.1 billion
- Net income for the first time in 11 years, even when excluding $7.1 billion of one-time favorable impact from tax reform
- Highest operating income in company history and highest Adjusted EBITDA* in 11 years
- Fiscal fourth quarter net income of $69 million, operating income of $236 million, and Adjusted EBITDA* of $2.8 billion
- Fiscal year 2017 net cash provided by operating activities of $10.1 billion and adjusted free cash flow* of $945 million
- Second consecutive year of positive adjusted free cash flow*
- Completed thousands of tri-band upgrades on macro sites, added thousands of outdoor small cells and deployed more than 200,000 Sprint Magic Boxes
For earnings history and earnings-related data on Sprint Corp. (S) click here.
