Sprint shares soar 28% on fourth straight quarter of net postpaid phone additions

Sprint shares soar 28% on fourth straight quarter of net postpaid phone additions
Sprint stock holders had a great day on Monday as the stock soared nearly 28% to $5.90. For its fiscal first quarter, the company announced net postpaid phone subscriber growth of 173,000. This was the fourth consecutive quarter that Sprint had growth in this category, and was the highest total Sprint has reported in nine years. The previous year, Sprint lost 12,000 postpaid phone subscribers in the period. Net losses in prepaid were 331,000, a slight improvement from the net drop of 366,000 prepaid subscribers announced last year.

Postpaid phone churn at 1.39% was the lowest in company history, and it was the sixth straight quarter with a year-over-year improvement. Total postpaid churn was flat at 1.56%. The number of total connections amounted to 59.45 million compared with 56.81 million last year, and ARPU was $4/month lower for postpaid and 50 cents/month lower for prepaid. Sprint recorded a net loss of $302 million or 8 cents a share for the period. Last year, it reported a net loss of $20 million or 1 cent a share.


The company rolled out its tri-band LTE Plus network to 33 additional markets in the period, bringing the total to 237 that offer the service. At the end of the three months, Sprint found itself in a very liquid position with $5.1 billion of cash and cash equivalents on its books.

source: Sprint

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7 Comments

1. drahcir02

Posts: 102; Member since: Mar 03, 2016

LTE PLUS!

2. Acdc1a

Posts: 473; Member since: Jan 21, 2016

I'd like to see Sprint continue to add subs, but how long can you keep losing hundreds of millions of dollars?

3. jeroome86

Posts: 2314; Member since: Apr 12, 2012

I'm rooting for you. Verizon getting to big. Oh by the way I forgot. Go bleep yourself Verizon! Can you hear that?

4. Amroze

Posts: 597; Member since: Jul 04, 2016

TMobile for value, Verizon for coverage.

5. Doakie

Posts: 2478; Member since: May 06, 2009

Yeah.... That's 173,000 people I feel sorry for being duped into signing on with Sprint. I dunno I though after 11 years with Sprint I LOVE my AT&T coverage, speed, and unlocked phone selection.

6. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

Play that same old butt hurt broke record sam

7. Xelief

Posts: 62; Member since: Aug 17, 2015

I'd like them to hang in there for the simple fact that more competition can only mean good things for the consumer. For example, it wasn't until the AT&T buyout failed that T-Mobile started with all their "Un-Carrier" stuff.

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