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Wireless

Sprint advances revenues 6%, narrows losses in Q4

Wednesday 3 May 2017 | 16:41 CET | News
Sprint reported continued improvement in results and customer numbers in its fiscal fourth quarter to March, with a return to net operating revenue growth for the full year and near-record operating profit. For Q4, revenues rose 6 percent to USD 8.5 billion, and adjusted EBITDA went up 24 percent to USD 2.7 billion. The net loss narrowed to USD 283 million or USD 0.07 per share, from a net loss the year earlier of 554 million or 0.14 per share, while the operating profit advanced to USD 470 million from 8 million. The company reduced costs by USD 2.1 billion in the full year, bringing the

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Categories: Mobile & Wireless
Companies: Sprint
Countries: United States
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