Post-Earnings Insight - Sprint

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Aug 06, 2014, 09:30 ET from Investor-Edge

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LONDON, August 6, 2014 /PRNewswire/ -- has issued its complimentary post-earnings review on Sprint Corporation (NYSE: S). The company was featured in the headlines on Wednesday, July 30, 2014, after reporting its best quarterly results in the last seven years. The company reported net income of a cent per share during Q2 2014 compared to a loss of $0.53 per share during the comparable prior year quarter. Our free coverage report can be accessed at:

Earnings Overview  

Sprint Corp.'s adjusted EBITDA grew for the fourth consecutive quarter posting a 28.3% year-over-year rise to $1.83 billion during the second quarter 2014. The communications services company reported its highest consolidated operating income in over seven years at $519 million during Q2 2014. Despite a net loss of 181,000 postpaid customers during the reported quarter due to expected elevated churn levels related to service disruption associated with the company's ongoing network overhauling, Sprint platform's gross postpaid customers grew by 16% year-over-year compared to the year-ago quarter. Total retail postpaid churn fell to 2.09% from 2.63% in the prior year period, while total retail prepaid churn decreased to 4.50% from 5.51% in the second quarter of 2013. The free research on S can be downloaded as in PDF format at:

Sprint's CEO, Dan Hesse stated that during the second quarter the company attained a number of key milestones, which include the completion of a multi-year project to upgrade its core 3G and voice network, expansion of 4G LTE coverage to about 254 million users, and nationwide launch of HD Voice. He also stated that the company lost customers in the previous quarter as its complete network replacement impacted the network experience. As such, to boost customer confidence, Sprint Corp. has launched Sprint Satisfaction Guarantee, which allows subscribers to experience new and improved network and to benefit from the value of its Sprint Family plans.

The Overland Park, Kansas-based company's net operating revenues of $8.79 billion came in above market consensus estimate of $8.75 billion. Sprint Corp.'s total retail postpaid Average Revenue per User (ARPU) stood at $61.65, while total retail prepaid ARPU was at $27.97 during the reported period. The telecom service provider swung to profits of $23 million during the quarter, compared to a net loss $1.60 billion in the prior year comparable quarter. Bloomberg estimated a net loss of $82.96 million or $0.02 loss per diluted share for Q2 2014. Sign up and read the free analyst's notes on S at:

Stock Performance  

Sprint Corp.'s shares fell 3.00% lower following the earnings release on Wednesday, July 30, 2014, to end the session at $7.76. On the last close, Tuesday, August 05, 2014, the stock lost 1.22% to close at $7.28. The stock vacillated between $7.16 and $7.48 during the session. A total of 16.18 million shares were traded, which was above its three months average volume of 13.82 million shares. Over the previous three trading sessions and over the last one month, the company's shares have fallen by 0.95% and 15.35%, respectively. Further, from the beginning of 2014, the stock has declined 32.28%. Sprint Corp.'s shares are trading below their 50-day and 200-day moving averages of $8.45 each. The stock has an RSI of 34.38. Visit Investor-Edge and access the latest research on S at:

Sneak Peek to Corporate Insider Trading  

In the last one month, Sprint Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on S is available at:


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