Sprint: quarterly profit inflated by US tax reform
(CercleFinance.com) - Sprint reported net income of 7.
2 billion dollars for the past quarter, including a favorable impact of 7.1 billion dollars resulting from the US tax reform.
However, the US mobile operator's performance improved at the operating level, too: adjusted EBITDA rose to 2.7 billion dollars over the three months to 31 December 2017 - its highest level in 11 years - from 2.4 billion dollars in the same period the year before.
Revenue fell to 8.2 billion dollars, from 8.5 billion dollars, despite postpaid net additions of 256,000, including 184,000 phone net additions.
For the full-year, the provider forecasts adjusted EBITDA to be in the middle of its previous target range of 10.8 billion to 11.2 billion dollars.
After these figures, Sprint shares were up 6.3% in pre-market trading, after closing at 5.1 dollars last night when the New York Stock Exchange officially closed.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2 billion dollars for the past quarter, including a favorable impact of 7.1 billion dollars resulting from the US tax reform.
However, the US mobile operator's performance improved at the operating level, too: adjusted EBITDA rose to 2.7 billion dollars over the three months to 31 December 2017 - its highest level in 11 years - from 2.4 billion dollars in the same period the year before.
Revenue fell to 8.2 billion dollars, from 8.5 billion dollars, despite postpaid net additions of 256,000, including 184,000 phone net additions.
For the full-year, the provider forecasts adjusted EBITDA to be in the middle of its previous target range of 10.8 billion to 11.2 billion dollars.
After these figures, Sprint shares were up 6.3% in pre-market trading, after closing at 5.1 dollars last night when the New York Stock Exchange officially closed.
Copyright (c) 2018 CercleFinance.com. All rights reserved.