Sprint Corp. (S) Sees Sharp Gains Following Q1 Results

Sprint (S) PT Raised to $6 at Nomura

July 26, 2016 8:52 AM EDT

Nomura Securities analyst Jeffrey Kvaal lifted his price target on Sprint (NYSE: S) to $6.00 (from $4.00) but maintained a Neutral rating following strong results.

Kvaal commented, "Sprint posted a fourth straight quarter of solid subscriber metrics, cost reduction, and a stable to improving balance sheet.... More

Sprint says to be cash-flow positive next year, shares soar

July 25, 2016 7:46 AM EDT

By Aishwarya Venugopal

(Reuters) - Sprint Corp (NYSE: S) reported better-than-expected first-quarter revenue as big discounts attracted more postpaid subscribers, and the No. 4 U.S. wireless carrier said it expected to be cash flow positive next fiscal year after breaking even this year.

The company's shares surged more than 28 percent to $5.93 on Monday - their biggest intraday percentage gain ever - after it also said it had enough money to fund its business this year.

Some analysts and investors had raised questions about Sprint's financial position after... More

Sprint Corp. (S) Announces Q1 Results; Reports 173k Postpaid Net Sub Adds

July 25, 2016 7:35 AM EDT

Sprint Corporation (NYSE: S) reported operating results for the first quarter of fiscal year 2016, including the lowest postpaid phone churn in company history at 1.39 percent and a total liquidity position of nearly $11 billion. The company also reported total net operating revenues of $8 billion, net loss of $302 million, operating income of $361 million, and Adjusted EBITDA* of $2.5 billion.

We had another quarter of solid progress in our turnaround with the highest first quarter postpaid phone net additions in nine years1, the lowest postpaid phone churn in company history, and finally being postpaid net port... More