Goldman Sachs Trims Price Target on Sprint (S) Following Q3 Results
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Sprint (S) Not as Bad as it Looks, Macquarie Says
November 4, 2014 8:58 AM ESTMacquarie analyst Kevin Smithen is sticking with his Outperform rating on Sprint (NYSE: S) despite disappointing results, saying they were not as bad as they looked. He trimmed his price target to $7.25 (from $7.42).
Smithen commented, "While S shares are likely to be under pressure today... More
Sprint (S) Estimates Slashed at Jefferies; Results Show Turnaround Won't Be Easy
November 4, 2014 8:07 AM ESTJefferies analyst Mike McCormack reiterated an Underperform rating and $4 price target on Sprint (NYSE: S) while cuting estimates following disappointing Q3 results.
McCormack commented, "As we had expected, effecting a turnaround is a costly proposition. 2015 EBITDA guidance is almost 20% lower than consensus forecasts,... More
Sprint Corp. (S) Reports Q2 EBITDA of $1.39B, Offers Outlook
November 3, 2014 4:06 PM ESTSprint Corp. (NYSE: S) reported Q2 EPS of ($0.19). Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.69 billion. Q2 EBITDA was $1.39 billion vs consensus of $1.66 billion.
Quarterly Financial Results
Operating loss was $192 million compared to an operating loss of $398 million in the year-ago quarter primarily driven by lower depreciation and amortization as the year-ago period included accelerated depreciation related to CDMA assets.Consolidated Adjusted... More