Sprint (S) Raising Guidance and Cutting Costs - FBR
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- S&P 500, Nasdaq futures tick up as tech steadies, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Oil market losses easing as nearly 80% of disrupted supply returns, UBS says
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
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 Corp. (S) Reports Q3 Loss of $0.21; Raises Adj-EBITDA Guidance
January 26, 2016 7:42 AM ESTSprint Corp. (NYSE: S) reported Q3 EPS of ($0.21), versus ($0.60) reported last year. Revenue for the quarter came in at $8.1 billion versus the consensus estimate of $8.69 billion.
Adjusting for the aforementioned severance and exit costs and impairment charge, net loss would have improved by approximately $300 million year-over-year, or $0.08 per share.
Highlights for the quarter:
Operating loss of $197 million and Adjusted EBITDA* of $1.9 billionNearly $800 million of year-to-date reduction in cost of service and selling, general, and administrative... More