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Sprint beats estimates with narrower loss, sells 1.5 million iPhones in Q1

Posted: , by Victor H.

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Sprint beats estimates with narrower loss, sells 1.5 million iPhones in Q1
Sprint, the third largest carrier in the United States, has been going through an impressive transition under chief executive Dan Hesse and is slowly starting to see the benefits as its stock price surges up and it manages to beat estimates. Not everything is rosy, though, and it's still an uphill battle ahead. While loss in the first quarter for Sprint was lower than expected, the carrier continued losing customers with 560 000 leaving in a single trimester.

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.

source: Sprint

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posted on 24 Apr 2013, 06:52 2

1. phoneguy (Posts: 193; 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

posted on 24 Apr 2013, 07:00 4

2. DonkeySauce (Posts: 194; Member since: 03 Dec 2011)

lol... Sprint will be aborting Nextel in the second trimester....

posted on 24 Apr 2013, 08:59 2

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".

posted on 24 Apr 2013, 16:38

6. Gawain (Posts: 426; 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.

posted on 24 Apr 2013, 08:00 2

3. a_merryman (Posts: 749; Member since: 14 Dec 2011)

I should really get some sprint stock...

posted on 26 Apr 2013, 16:05

11. ZeroCide (Posts: 785; Member since: 09 Jan 2013)

i wish i ha a year ago

posted on 24 Apr 2013, 08:03

4. kclgphilsbsa (Posts: 765; Member since: 21 Jan 2013)

galaxy s4 was already sold out in Sprint but thats not part of q1 :)

posted on 24 Apr 2013, 21:14

7. cornerofthemoon (Posts: 601; Member since: 20 Apr 2010)

Has Sprint ever made a profit?

posted on 24 Apr 2013, 21:33

8. wumberpeb (Posts: 453; 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

posted on 25 Apr 2013, 00:56

9. Goldeneye (Posts: 419; 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.

posted on 25 Apr 2013, 06:40

10. phoneguy (Posts: 193; 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.

posted on 29 Apr 2013, 16:10

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.

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