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.

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