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Sprint forecasts strong EBITDA improvement in coming year
2016-01-26 14:52:00| Telecompaper Headlines
(Telecompaper) Sprint reported a USD 8.11 billion operating revenue in its fiscal third quarter to 31 December 2015, compared with USD 8.97 billion in the year-earlier period. Adjusted EBITDA rose to USD 1.9 billion in the third quarter, as cost reductions more than offset the decline in operating revenue. Sprint improved its bottom line, posting a USD 836 million net loss (USD 0.21 per share), compared to a USD 2.4 billion net loss (USD 0.60 per share) in the third quarter of the previous year. Thanks to accelerated cost reductions, Sprint improved its adjusted EBITDA guidance for the full fiscal year to USD 7.7-8 billion, versus its previous expectation of USD 6.8-7.1 billion.
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Category:Telecommunications