Sprint Corp. (S) Sees Sharp Gains Following Q1 Results
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Sprint Reports Highest First Quarter Postpaid Phone Net Additions in Nine Years1, Lowest Ever Postpaid Phone Churn, and Postpaid Net Port Positive Against All Three National Carriers with First Quarte
July 25, 2016 8:47 AM EDTPostpaid phone net additions of 173,000 are the fourth consecutive quarter of positive net additions Postpaid phone churn of 1.39 percent is the best in company history and improved year-over-year for the sixth consecutive quarter Postpaid net port positive against all three national carriers for the first time in over five years Net loss of $302 million, Operating income of $361 million and Adjusted EBITDA* of $2.5 billion Over $550 million of year-over-year reduction in cost of service and selling, general, and administrative expenses... More
