Sprint Nextel (S) Reports Q1 Loss of $0.04; Adjusted EBITDA Grows 22%

Sprint Nextel (NYSE: S) reported Q1 EPS of ($0.04), versus ($0.21) reported last year from its predecessor company.. Revenue for the quarter came in at $8.88 million, versus $8.79 million reported last year from its predecessor company.

Sprint reported consolidated operating income of $420 million, the company’s best performance in over seven years. Adjusted EBITDA of over $1.84 billion in the quarter grew 22 percent over the prior year period, and Adjusted EBITDA margin of 23.4 percent was the highest in almost six years.

“In the quarter, operating revenue and Adjusted EBITDA both grew year-over-year even as investments in our network improvements continued,” said Dan Hesse, Sprint CEO. “With the expected mid-year completion of the rip and replacement of our core 3G and voice network, the ongoing roll-out of Sprint SparkTM, and the evolution of Sprint FramilySM, we plan to build the best customer experience in the industry.”

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

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