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

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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12 Comments

1. phoneguy

Posts: 213; Member since: Jan 08, 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: 194; Member since: Dec 03, 2011

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

5. ardent1

Posts: 2000; Member since: Apr 16, 2011

Trimester means three months. A fiscal "quarter" is also three months. What a coincidence. Can phoneguy say "duh".

6. Gawain

Posts: 448; Member since: Apr 15, 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: Dec 14, 2011

I should really get some sprint stock...

11. ZeroCide

Posts: 816; Member since: Jan 09, 2013

i wish i ha a year ago

4. kclgphilsbsa

Posts: 765; Member since: Jan 21, 2013

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

7. cornerofthemoon

Posts: 620; Member since: Apr 20, 2010

Has Sprint ever made a profit?

8. wumberpeb

Posts: 453; Member since: Mar 14, 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: 419; Member since: Jan 22, 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: 213; Member since: Jan 08, 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.

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