Sprint (S) Raising Guidance and Cutting Costs - FBR
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Sprint Reports Highest Postpaid Phone Net Additions in Three Years, Lowest-Ever Third Quarter Postpaid Churn, and Increases Adjusted EBITDA* Guidance with Third Fiscal Quarter 2015 Results
January 26, 2016 7:30 AM ESTOperating loss of $197 million and Adjusted EBITDA* of $1.9 billion Nearly $800 million of year-to-date reduction in cost of service and selling, general, and administrative expenses builds momentum for 2016 targets Raising fiscal year 2015 Adjusted EBITDA* guidance from previous expectation of $6.8 billion to $7.1 billion to a range of $7.7 billion to $8 billion Preliminary estimate for fiscal year 2016 Adjusted EBITDA* of approximately $9.5 billion to $10 billion Sprint platform postpaid net additions of 501,000 improved by 471,000 year-over-year Highest... More
