Sprint Corp. (S) Reports Q3 Loss of $0.12

Sprint Corp. (NYSE: S) reported Q3 EPS of ($0.12), versus the consensus of ($0.09). Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.69 billion.

Net loss of $479 million, Operating income of $311 million and Adjusted EBITDA* of $2.5 billion

Sprint is turning the corner,” said Sprint CEO Marcelo Claure. “Even with all the aggressive promotional offers from our competitors, we were still able to add more postpaid phone customers than both Verizon and AT&T while continuing to grow revenues, take costs out of the business, and improve the network.”

Fiscal Year 2016 Outlook

• The company now expects Adjusted EBITDA* of $9.7 billion to $10 billion, at the high end of its previous expectation of $9.5 billion to $10 billion.
• The company now expects operating income of $1.4 billion to $1.7 billion, at the high end of its previous expectation of $1.2 billion to $1.7 billion.
• The company now expects cash capital expenditures, excluding devices leased through indirect channels, of $2 billion to $2.3 billion. The company’s previous expectation was less than $3 billion.
• The company continues to expect Adjusted free cash flow* around break-even.

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

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