/>
X
Home & Office

Sprint delivers mixed Q4 but narrows losses

The nation's fourth-largest wireless carrier posted net operating revenue of $8.54 billion, up five percent above the previous year.
natalie-gagliordi-author.jpg
Written by Natalie Gagliordi on

Sprint on Wednesday delivered mixed fourth quarter financial results.

The Overland Park, Kansas-based company reported a net loss of $283 million, or seven cents per share, compared to a loss of $554 million, or 14 cents per share, the year prior.

The nation's fourth-largest wireless carrier posted net operating revenue of $8.54 billion, up five percent above the previous year.

Wall Street was expecting a loss of four cents per share on revenue of at $7.93 billion.

For the year, Sprint said losses narrowed to $1.21 billion, or 30 cents per share. Revenue was $33.35 billion.

"Sprint took a big step forward in the second year of our turnaround plan," said Sprint CEO Marcelo Claure. "Net operating revenues returned to growth and cost reductions accelerated, leading to the highest operating income in a decade and a return to positive adjusted free cash flow."

In terms of subscriber growth, Sprint said it added 42,000 net new post-paid subscribers, viewed as the most lucrative wireless customers. Total net customer additions were 187,000 in Q4 and 1.9 million for the fiscal year.

Looking ahead, Sprint expects fiscal 2017 revenue in the range of $10.7 billion to $11.2 billion, with operating income ranging from $2 billion to $2.5 billion.

screen-shot-2017-05-03-at-9-36-43-am.png
screen-shot-2017-05-03-at-9-36-15-am.png

Sprint's new LTE small cell boasts more and faster data:

Editorial standards

Related

How to use your phone to diagnose your car's 'check engine' light
BlueDriver Bluetooth dongle

How to use your phone to diagnose your car's 'check engine' light

Don't let Janet Jackson's 'Rhythm Nation' crash your old laptop
the-old-hard-disk-drive-is-disintegrating-in-space.jpg

Don't let Janet Jackson's 'Rhythm Nation' crash your old laptop

Google Play malware: If you've downloaded these malicious apps, delete them immediately
a-man-sitting-in-his-living-room-looking-at-his-smartphone-with-concern

Google Play malware: If you've downloaded these malicious apps, delete them immediately