Sprint Corp. (NYSE: S) reported Q2 EPS of $0.05, $0.06 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $8.43 billion versus the consensus estimate of $7.97 billion.

• Wireless service revenue grew year-over-year for the first time in nearly five years, excluding the $173 million impact of the new revenue recognition standard
• Net income of $196 million, operating income of $778 million, and adjusted EBITDA* of $3.3 billion
  • Fourth consecutive quarter of net income and 11th consecutive quarter of operating income
  • Highest fiscal second quarter adjusted EBITDA* in 12 years and raising fiscal year 2018 adjusted EBITDA* outlook
• Net cash provided by operating activities of $2.9 billion and adjusted free cash flow* of $525 million
  • Positive adjusted free cash flow* in six of the last seven quarters
• Retail net additions of 95,000
  • Postpaid net additions for the fifth consecutive quarter
  • Prepaid net additions in the Boost brand for the seventh consecutive quarter
• Most improved network among national carriers based on average download speeds
  • Further improvement expected with nationwide deployment of LTE Advanced features that offer up to two times faster speeds than before
• Strong progress on digitalization initiatives
  • Postpaid gross additions in digital channels increased nearly 60 percent year-over-year

Fiscal Year 2018 Outlook

• Due to strong year-to-date performance, the company is increasing its expectation for adjusted EBITDA* to a range of $12.4 billion to $12.7 billion. The previous expectation was $12.0 billion to $12.5 billion.
• Excluding the impact of the new revenue recognition standard, the company is also increasing its expectation for adjusted EBITDA* to a range of $11.7 billion to $12.0 billion. The previous expectation was $11.3 billion to $11.8 billion.
• The company expects cash capital expenditures excluding leased devices to be $5.0 billion to $5.5 billion. The previous expectation was $5.0 billion to $6.0 billion.

"Sprint reached an important milestone this quarter by returning to year-over-year growth in wireless service revenue two quarters earlier than promised," said Sprint CEO Michel Combes. "Our strategy of balancing growth and profitability while we increase network investments and add digital capabilities continues to drive solid financial results."

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