Sprint<\/a> Corp on Thursday posted third-quarter revenue that beat estimates while the U.S. wireless carrier lost fewer customers than expected even as it cut back on price promotions to improve financials.
The company posted a net loss of 3 cents a share versus a net profit last year, when it benefited from a U.S. tax cut. Analysts had expected a loss of just 2 cent a share.
Chief Executive Officer Michel Combes told analysts during the earnings call that Sprint must complete its merger with T-Mobile US<\/a> Inc to effectively compete against larger rivals Verizon and AT&T. At the same time, it has pursued a plan to pull back on expensive price promotions to stabilize the business, which has struggled with negative perceptions of network quality.
Shares of Sprint, the No. 4 carrier with over 54 million total customers, were up 1.66 percent at $6.14 in morning trading.
Sprint lost a net 26,000 so-called \"postpaid\" phone subscribers who pay a recurring bill during the third quarter ended Dec. 31, fewer than the 32,000 subscriber losses analysts had expected, according to research firm FactSet.
Total net operating revenue rose 4.4 percent to $8.60 billion, beating forecasts by analysts who had expected revenue of $8.43 billion.
The company has focused on promoting data plans for devices like tablets and smartwatches, which helps customers stick with the carrier longer if they have more devices on the network.
Sprint reported a net loss of $141 million, or 3 cents per share, in the quarter, compared with a net income of $7.16 billion, or $1.76 per share, a year earlier, when the company benefited from a change in U.S. tax laws.
Analysts were expecting the company to report a loss of 2 cents per share, according to IBES data from Refinitiv.
In July, Sprint revamped its unlimited wireless plans to include more perks at higher prices, in order to make more money from customers on the plans.
But the company warned churn, or the rate of customer defections, could rise in the near-term due to the higher prices. Churn for the third quarter increased to 1.84 percent, up from 1.71 percent last year.
Sprint said it continues to expect cash capital expenditures between $5 billion to $5.5 billion.
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希拉党和Akanksha基金会Rana
冲刺. n:行情)周四公布第三季营收超过预期而美国无线运营商客户损失小于预期即使它削减价格促销来提高金融。
该公司公布净亏损3美分和净利润去年,当它受益于美国减税。分析师此前预计每股亏损2分。
首席执行官Michel梳在财报电话会议中对分析师们说,Sprint必须完成其合并t - mobile美国公司能够有效地与更大的竞争对手Verizon和AT&T。同时,它奉行计划撤出昂贵的促销价格稳定的业务,已在网络质量的负面看法。
股冲刺,4号航母拥有超过5400万的客户,在早盘交易中上涨1.66%,报6.14美元。
Sprint净减少26000名所谓的“邮资已付的电话用户支付经常性法案第三季度12月31日结束,少于32000用户损失分析师预期,据研究公司FactSet。
总净营业收入增长4.4%,至86亿美元,好于预期,分析师曾预期营收为84.3亿美元。
公司一直专注于促进数据设备像平板电脑和smartwatches计划,帮助客户坚持承运人不再如果他们有更多的设备在网络上。
Sprint公布净亏损1.41亿美元,或每股3美分,季度,而净利润为71.6亿美元,或每股1.76美元,去年同期,该公司从美国税法的变化中受益。
分析师预计,该公司报告每股2美分,根据从Refinitiv ib数据。
今年7月,Sprint修改了其无限的无线计划包括更多的津贴以更高的价格,为了赚更多的钱从客户计划。
但该公司警告称,搅动,或客户流失的速度,可能会在近期上升由于更高的价格。第三季度生产增加到1.84%,高于去年的1.71%。
Sprint说它继续预计现金资本支出50亿美元到55亿美元之间。
冲刺. n:行情)周四公布第三季营收超过预期而美国无线运营商客户损失小于预期即使它削减价格促销来提高金融。
该公司公布净亏损3美分和净利润去年,当它受益于美国减税。分析师此前预计每股亏损2分。
首席执行官Michel梳在财报电话会议中对分析师们说,Sprint必须完成其合并t - mobile美国公司能够有效地与更大的竞争对手Verizon和AT&T。同时,它奉行计划撤出昂贵的促销价格稳定的业务,已在网络质量的负面看法。
股冲刺,4号航母拥有超过5400万的客户,在早盘交易中上涨1.66%,报6.14美元。
Sprint净减少26000名所谓的“邮资已付的电话用户支付经常性法案第三季度12月31日结束,少于32000用户损失分析师预期,据研究公司FactSet。
总净营业收入增长4.4%,至86亿美元,好于预期,分析师曾预期营收为84.3亿美元。
公司一直专注于促进数据设备像平板电脑和smartwatches计划,帮助客户坚持承运人不再如果他们有更多的设备在网络上。
Sprint公布净亏损1.41亿美元,或每股3美分,季度,而净利润为71.6亿美元,或每股1.76美元,去年同期,该公司从美国税法的变化中受益。
分析师预计,该公司报告每股2美分,根据从Refinitiv ib数据。
今年7月,Sprint修改了其无限的无线计划包括更多的津贴以更高的价格,为了赚更多的钱从客户计划。
但该公司警告称,搅动,或客户流失的速度,可能会在近期上升由于更高的价格。第三季度生产增加到1.84%,高于去年的1.71%。
Sprint说它继续预计现金资本支出50亿美元到55亿美元之间。
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