Sprint Nextel (S) Posts Q3 GAAP Loss of 26c/Share; Sees FY12 adj.-OBIDA Exceeding Outlook
Sprint Nextel (NYSE: S) reported Q3 EPS of ($0.26), $0.17 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $8.76 billion versus the consensus estimate of $8.8 billion.
Sprint’s third quarter 2012 results include accelerated depreciation of $397 million, or negative $.13 per share (pre-tax), primarily related to Network Vision, including the expected shutdown of the Nextel platform.
The company expects 2012 Adjusted OIBDA* to slightly exceed the high end of the previously stated forecast of between $4.5 billion and $4.6 billion. Within that Adjusted OIBDA* expectation, we continue to anticipate full year consolidated net service revenue growth of 4 to 6 percent (consolidated revenue less wireless equipment revenue). Sprint now expects full year capital expenditures of less than $6 billion in 2012, excluding capitalized interest.
For earnings history and earnings-related data on Sprint Nextel (S) click here.
Sprint’s third quarter 2012 results include accelerated depreciation of $397 million, or negative $.13 per share (pre-tax), primarily related to Network Vision, including the expected shutdown of the Nextel platform.
The company expects 2012 Adjusted OIBDA* to slightly exceed the high end of the previously stated forecast of between $4.5 billion and $4.6 billion. Within that Adjusted OIBDA* expectation, we continue to anticipate full year consolidated net service revenue growth of 4 to 6 percent (consolidated revenue less wireless equipment revenue). Sprint now expects full year capital expenditures of less than $6 billion in 2012, excluding capitalized interest.
For earnings history and earnings-related data on Sprint Nextel (S) click here.