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Sprint net adds reach 1.2 mln as revenues, profit fall in Q4

2015-05-05 13:51:00| Telecompaper Headlines

(Telecompaper) Sprint announced results for its fiscal fourth quarter, saying net additions lifted to 1.2 million, the highest number in nearly three years, compared to net losses of 383,000 during its fiscal third quarter. Still, total revenues fell 7 percent year-on-year to USD 8.3 billion on the back of lower wireless service revenues. The adjusted EBITDA declined 5 percent to USD 1.7 billion while the operating profit slid to USD 318 million from 420, mainly due to higher depreciation expense. The net loss widened to USD 224 million or USD 0.06 per share, from a loss the year earlier of 151 million or 0.04 per share. Postpaid net additions improved to 211,000 from 30,000 in Q3. The company was net port positive for the first in nearly three years. Postpaid phone losses of 201,000 improved from 205,000 losses in Q3. Postpaid tablet net additions amounted to 349,000 from 189,000. Prepaid net additions amounted to 546,000 compared to 410,000 in Q3. Wholesale net additions went to 492,000 from 527,000. Postpaid ARPU fell to USD 56.94 from 58.90 in Q3. Postpaid churn lifted by 46 basis points sequentially to 1.84 percent, on the back of increasing credit standards, and a better network experience.

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Nvidia Q3 revenues reach record USD 1.23 bln

2014-11-07 09:44:00| Telecompaper Headlines

(Telecompaper) Nvidia reported record revenues for its fiscal third quarter to 26 October, with the figure rising 16 percent from the year before to USD 1.23 billion. Record revenues were also reported for the year-to-date, up 15 percent to USD 3.43 billion. CEO Jen-Hsun Huang attributed the strong earnings to the company's focus on creating visual computing platforms for datacentre, mobile and PC. The gross margin went to 55.2 percent from 55.4 percent the year earlier while the net profit lifted 45 percent to USD 173 million. Nvidia intends to return USD 600 million to shareholders in fiscal 2016 through ongoing quarterly cash dividends and share repurchases. The company will pay its next quarterly cash dividend of USD 0.085 per share on 15 December. For the fourth quarter, the company is guiding for revenue of USD 1.20, plus or minus 2 percent, gross margin of 55.2 percent, plus or minus 50 basic points, and capex at USD 40-50 million.

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Satellite TV revenues to reach $100 billion

2014-07-23 09:00:51| Digital TV News

Satellite TV revenues will reach $99.9 billion in 2020, up from $87.8 billion in 2013 and $69.3 billion in 2010, according to a report from Digital TV Research.

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