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Wireless

Sprint says more challenges ahead after quarterly loss, service revenues down 3.6%

Wednesday 8 May 2019 | 09:05 CET | News
Sprint reported a net loss of USD 2.17 billion for its fiscal fourth quarter to March, hurt by an impairment charge of USD 2 billion to write down assets. That compares to a small profit of USD 69 million in the year-earlier period. Revenues rose 4.4 percent to USD 8.44 billion, led by higher equipment sales, and adjusted EBITDA was up 13.3 percent to USD 3.14 billion, thanks to cost reductions and a positive effect from the new lease accounting standards. 

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