Sprint Corp. (S) Tops Q3 EPS by 2c

Sprint Corp. (NYSE: S) reported Q3 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $8.08 billion versus the consensus estimate of $8.22 billion.

• Wireless service revenue of $5.2 billion
• Postpaid wireless service revenue of $4.2 billion was stable sequentially and year-over-year
• Postpaid average revenue per account (ARPA) of $124.80 and postpaid phone average revenue per user (ARPU) of $50.37 were stable sequentially and year-over-year
• Net loss of $120 million, operating income of $66 million, and adjusted EBITDA* of $2.5 billion
• Postpaid net additions of 494,000
• 10th consecutive quarter of net additions
• Data device net additions of 609,000 were partially offset by phone net losses of 115,000
• Average postpaid accounts of 11.3 million grew sequentially and year-over-year for the third consecutive quarter
• Digital capabilities driving higher sales, better customer experience, and cost efficiencies
• Postpaid gross additions in digital channels increased 80 percent year-over-year
• More than 25 percent of all targeted customer care web chats are performed by virtual agents using artificial intelligence
• Continued execution of Next-Gen Network plan
• Second fastest network and most improved operator based on national average download speeds
• True Mobile 5G coverage expanded to 20 million people

For earnings history and earnings-related data on Sprint Corp. (S) click here.

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