The fourth biggest telecom service provider expects total net operating revenues of $8.25 billion for the second quarter, representing 3 percent year-over-year growth. This is better than the analysts' estimates of $8.02 billion. Revenue from wireless accounted for $7.85 billion reflecting a growth of nearly 5 percent.
Sprint also sees a smaller loss of $142 million in the second quarter compared to a net loss of $585 million recorded in the year-ago period.
The company ceded its third biggest telecom services provider to T-Mobile US Inc TMUS last year.
Sprint's total net additions in the second quarter were 740,000. Similarly, its total postpaid churn improved two basis points to 1.52 percent while postpaid phone churn improved 12 basis points to 1.37 percent.
Following this, Sprint shares gained $0.11, or 1.59 percent, to $7.03. T-Mobile closed at $46.52 on Monday's regular trading.
Full ratings data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
