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

Keywords :   


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

2019-05-08 09:05:00| Telecompaper Headlines

(Telecompaper) 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. 

Tags: service down loss ahead

Category:Telecommunications

Latest from this category

All news
»
06.10Glatfelter Develops Biobased Espresso Lid Material
06.10Tropical Storm Milton Potential Storm Surge Flooding Map
06.10Tropical Storm Milton Probabilistic Storm Surge Graphics
06.10Firms urge mayor to rethink congestion charge plan
06.10Tropical Storm Milton Public Advisory Number 5
06.10Summary for Tropical Storm Milton (AT4/AL142024)
06.10Tropical Storm Milton Graphics
06.10Tropical Storm Milton Graphics
More »