Sprint beats estimates with narrower loss, sells 1.5 million iPhones in Q1
Sprint grew sales to $8.79 billion and loss was 21 cents per share, less than the analysts’ consensus for 34 cent loss. Overall net loss stood at $643 million, narrower than the $863 million Sprint lost in the first quarter of 2012.
Smartphones constituted 86% or the large majority of Sprint phone sales and the carrier sold 1.5 million iPhones.
“This is a transformative year for Sprint and we’ve gotten off to a good start,” Sprint CEO Dan Hesse said in a statement.
Sprint shares have more than tripled in value over the last year and the company has received takeover bids from both SoftBank and Dish.
1. phoneguy (Posts: 190; Member since: 08 Jan 2009)
Does anybody proof read these articles? These are quarterly results not trimester results..... Seriously, everybody who writes here has to over describe s**t
2. DonkeySauce (Posts: 171; Member since: 03 Dec 2011)
lol... Sprint will be aborting Nextel in the second trimester....
5. ardent1 (Posts: 2000; Member since: 16 Apr 2011)
Trimester means three months. A fiscal "quarter" is also three months. What a coincidence.
Can phoneguy say "duh".
6. Gawain (Posts: 382; Member since: 15 Apr 2010)
A trimester is three months in the context of pregnancy. Otherwise it is "one of three terms" into which a period of time is divided. Since quarterly reports are what they are, trimester is not the correct word.
3. a_merryman (Posts: 749; Member since: 14 Dec 2011)
I should really get some sprint stock...
4. kclgphilsbsa (Posts: 765; Member since: 21 Jan 2013)
galaxy s4 was already sold out in Sprint but thats not part of q1 :)
8. wumberpeb (Posts: 451; Member since: 14 Mar 2011)
well the nightmare of the Nextel purchase is almost over...I always wondered how many of those losses per quarter resulted from Nextel customers defecting
9. Goldeneye (Posts: 362; Member since: 22 Jan 2011)
And still people is leaving Sprint, looks like unlimited and cheaper data is not as relevant as having a reliable and fast one.
10. phoneguy (Posts: 190; Member since: 08 Jan 2009)
Actually a "fiscal" quarter and trimester are not one in the same. A quarter is 1/4 of something, a year is twelve months. 1/4 of a year is three months, are you following? A fiscal quarter is a period of which a business reports it's financials, not all business have the same fiscal year. A trimester is a 1/3 of something, (not always 3 months like a pregnancy.) a trimester for a year would be 1/3 of the year and since year is 12 months then a fiscal trimester for a year would be 4 months. Catching on? Therefore a fiscal quarter is a quarter not a trimester It's unfortunate that it had to be explained using deductive reasoning and basic math but that's the unfortunate part of society. Thank you, have a nice day.
12. techaman (unregistered)
well considering my 3g speed is 0.17mb and my lte is amazing 1.7mb i think they are lucky to even have a job they should all be fired and someone with a brain say o snap people want some speed with the cheap plans, oooooo to late t-mobile did that last month looks like sprint will be the 4th come next year. good bye crappy network.