Sprint (S) reported earnings on Wed 3 May 17 (b/o)

** charts after earnings **

 

Sprint misses by $0.04, beats on revs :

• Reports Q4 (Mar) loss of $0.07 per share, $0.04 worse than the Capital IQ Consensus of ($0.03); revenues rose 5.8% year/year to $8.54 bln vs the $7.94 bln Capital IQ Consensus.
  • Total net additions were 187,000 in the quarter, including postpaid net losses of 118,000, prepaid net additions of 180,000, and wholesale and affiliate net additions of 125,000.
  • For the full year, total net additions were 1.9 million, including postpaid net additions of 811,000, prepaid net losses of 1.1 million, and wholesale and affiliate net additions of 2.1 million.
  • Postpaid phone churn was 1.58 percent and total postpaid churn was 1.75 percent in the quarter. For the full year, postpaid phone churn of 1.48 percent was the lowest in company history and total postpaid churn was 1.62 percent.
• Fiscal Year 2017 Outlook
  • The company expects Adjusted EBITDA of $10.7 billion to $11.2 billion.
  • The company expects operating income of $2 billion to $2.5 billion.
  • The company expects cash capital expenditures, excluding devices leased through indirect channels, of $3.5 billion to $4 billion.