Sprint Reports Higher Revenues & Q2 Loss Of $142 Million
Sprint may refer to may have helped the carrier may refer to add hundreds of thousands of new subscribers over the past few months month is a unit of time, used with calendars, which is approximately as long as a natural period related to the motion of the Moon; month and Moon are cognates, but the company is still losing money just like it has done over the past several quarters. Sprint Corp. earlier today announced that it posted a loss of $142 million on revenues accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers of $8.25 billion billion is a number with two distinct definitions: 1,000,000,000, i.e. one thousand million, or 109 (ten to the ninth power), as defined on the short scale during the July–September quarter. The numbers, however, are a major improvement over may refer to the same may refer to: Sameness or identity In places: Same (ancient Greece) Same, East Timor, the capital of the Manufahi district Samé, Mali Same, Tanzania Same District, Tanzania In other uses: SAME period last year, when the company Company is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise lost a whopping $585 million on revenues of $7.98 billion. On EPS (Earnings per Share) terms, the loss amounts to about 4 cents may refer to per share, which is significantly lower than the 15 cents per share loss may refer to: Pure economic loss Loss (baseball), a pitching statistic in baseball Attenuation, a reduction in amplitude and intensity of a signal In telecommunications, loss is a decrease in the company had posted during the same period last year.rolled out by
Sprint also managed to beat market expectations with its Q2 numbers, as 14 analysts polled by Zacks Investment Research had reportedly predicted a loss of 7 cents per share on revenues of $8.03 billion. The carrier had earlier reported adding 347,000 postpaid net subscribers during the three month period may refer to, thanks largely to the various promotions it has been running over the past several months. In what seems to be another positive for the company, its postpaid churn for the latest quarter also fell to 1.52% from 1.54% a year year is the orbital period of the Earth moving in its orbit around the Sun ago. The carrier, however, continues to struggle with or WITH may refer to: Carl Johannes With (1877–1923), Danish doctor and arachnologist With (character), a character in D. N. Angel With (novel), a novel by Donald Harrington With (album), the perception that its network is inferior to those of its larger competitors – Verizon, and T-Mobile.
In a statement released to the media, the CEO of Sprint, Marcelo Claure, described the results as a positive is a property of positivity and may refer to for the company, saying that it is “another step forward may refer to: Forward (surname) Relative direction, where forward is the opposite of backward in our plan toward sustainable profitability and cash generation”. Sprint also announced that the cost-cutting measures it has undertaken over the past past is a term used to indicate the totality of events which occurred before a given point in time twelve months have allowed it to reduce overheads by as much as $600 million million (1,000,000) or one thousand thousand is the natural number following 999,999 and preceding 1,000,001 on a year-on-year basis during the quarter quarter is one-fourth, 1⁄4, 25% or 0.25 and may refer to: Quarter (urban subdivision), a section or area, usually of a town Quarter section, an area of one-fourth of a square mile, or 160 acres in question. The company claims it is on track to cut at least $2 billion in operating expenses by the end of this fiscal year. As for its outlook going forward, the carrier says that it expects to earn between $1.2 billion and $1.7 billion in operating income during 2016. While Sprint’s shares may refer to: To share a resource (such as food or money) is to make joint use of it; see Sharing Share, Kwara, a town and LGA in Kwara State, Nigeria Share (finance), a stock or other security declined 1.7% to $6.80 in pre-market trading today, they are up 91% from the beginning of the year.