Sprint posts big quarterly loss, beats revenue estimates


Sprint has posted some interesting quarterly results, beating revenue expectations. On the other hand, the carrier’s quarterly losses has widened substantially.

The better-than-expected revenue seems to come from some hefty discounts and promotions Sprint has been offering in order to reel customers in.

With that in mind, the carrier has added 173,000 postpaid customers this quarter. What makes this number even better is that Sprint Chief Executive Marcelo Claure noted that the amount of subscribers moving to other networks has decreased to 1.39 percent.

As we mentioned earlier, the carrier’s quarterly loss is pretty substantial, rising to a whopping $302 million. At the same time last year, losses only sat at $20 million.

This latest quarter also saw contract termination charges of $113 million, largely because of a new agreement with nTelos, another wireless carrier.

Japan’s SoftBank noted that operating revenue fell to $8.01 billion. That’s marginally better than analysts’ expectations, which had originally expected $7.98 billion.

Hopefully Sprint will be able to make those numbers even better going into the next quarter.

source: Reuters