Sprint Corp. (S) Q3 Adjusted EBITDA Tops Views

Sprint Corp. (NYSE: S) reported Q3 EPS of $1.79, versus ($0.12) reported last year. Revenue for the quarter came in at $8.24 billion, may not compare to the consensus estimate of $8.69 billion.

Adjusted EBITDA was $2.72 billion vs $2.68 expected.

• The company is raising its expectation for operating income to $2.5 billion to $2.7 billion. Its previous expectation was $2.1 billion to $2.5 billion.
• The company expects adjusted EBITDA* to be around the mid-point of its prior expectation of $10.8 billion to $11.2 billion.
• The company expects cash capital expenditures, excluding devices leased through indirect channels, to be at the low end of its prior expectation of $3.5 billion to $4 billion.
• The company is raising its expectation for adjusted free cash flow* to $500 million to $700 million. Its previous expectation was around break-even.

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

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