=Sprint (S) reported earnings on Wed 31 Oct 2018 (b/o)

Sprint beats by $0.06, beats on revs

Reports Q2 (Sep) earnings of $0.05 per share, $0.06 better thanthe S&P Capital IQ Consensus of ($0.01); revenues rose 6.4% year/year to $8.43 bln vs the $7.95 bln S&P Capital IQ Consensus.

Due to strong year-to-date performance, the company is increasing its expectation for adjusted EBITDA* to a range of $12.4 billion to $12.7 billion. The previous expectation was $12.0 billion to $12.5 billion.

Excluding the impact of the new revenue recognition standard, the company is also increasing its expectation for adjusted EBITDA* to a range of $11.7 billion to $12.0 billion.

The previous expectation was $11.3 billion to $11.8 billion.

The company expects cash capital expenditures excluding leased devices to be $5.0 billion to $5.5 billion. The previous expectation was $5.0 billion to $6.0 billion.