Sprint Corp. (S) Reports Q3 Loss of $0.21; Raises Adj-EBITDA Guidance
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Sprint (S) Raising Guidance and Cutting Costs - FBR
January 27, 2016 9:52 AM ESTFBR analyst, David Dixon, sees Sprint (NYSE: S) turnaround story continuing with another quarter of positive postpaid net add growth and historically low churn. No change to Outperform rating or $6 PT.
As a result of cost savings and revenue growth, the adjusted EBITDA trajectory is improving faster than expected. Management raised fiscal-2015 adjusted EBITDA guidance to $7.7B$8B. Its preliminary estimate for fiscal-2016... More
UPDATE: Oppenheimer Upgrades Sprint (S) to Perform
January 27, 2016 7:50 AM EST(Updated - January 27, 2016 9:24 AM EST)
Oppenheimer upgraded Sprint (NYSE: S) from Underperform to Perform. The change follows the release of Q3 results. Analyst Timothy Horan noted its network is improving and he pointed out lower expenses.
"Sprint reported a... More
Sprint loss shrinks on cost cuts, user gains; shares soar 22 percent
January 26, 2016 7:38 AM ESTBy Malathi Nayak and Kshitiz Goliya
(Reuters) - Sprint Corp, the No. 4 U.S. wireless carrier, on Tuesday posted a smaller-than-expected quarterly loss and raised its earnings outlook, helped by a cost-cutting drive and a boost in subscribers, sending its stock up as much as 22 percent.
Sprint shares soared to a session high of $3.08 before receding to $3.01 in the afternoon, still up more than 19 percent on the day. Those gains nearly erased the 21 percent fall in the stock in 2016 through its close on Monday.
Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating... More
