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Sprint Corporation (S)

  • Oct. 26, 2011, 8:43 AM
    More on Sprint's (S) Q3: The company lowered its 2011 estimate of free cash flow, and said it could be free cash flow negative for the year. The company also increased its revolving credit facility by $150M to $2.24B, a sign it may need more cash to fund its operations. Shares +1.5% premarket, off earlier gains.
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  • Oct. 26, 2011, 8:26 AM
    On its earnings call, Sprint (S) says it has signed a non-binding agreement with Clearwire (CLWR) to "work together on the technical specifications of the Clearwire LTE network and to ensure a superb customer experience for Sprint customers on the Clearwire LTE network." Hesse also apologizes for not providing enough clarity on Oct. 7, and says discussions are ongoing. CLWR +18% premarket.
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  • Oct. 26, 2011, 7:49 AM
    More on Sprint's (S) Q3: Net subscriber adds up from 1.1M in Q2. Wireless service revenue +7% Y/Y. Postpaid ARPU up $1 Q/Q and $3 Y/Y. Free cash flow -$273M, down from Q2's $267M. Postpaid churn of 1.91% up from Q2's 1.75%. Prepaid churn of 4.07% down from Q2's 4.14%. S +4.1% premarket. CLWR +1.2%. (PR)
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  • Oct. 26, 2011, 7:06 AM
    Sprint Nextel (S): Q3 EPS of -$0.10 beats by $0.09. Revenue of $8.33B (+2.2% Y/Y) misses by $0.05B. Adds 1.3M net wireless subscribers. (PR)
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  • Oct. 26, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ADP, AEP, AGN, ARW, ATI, AVY, BA, BEAV, COP, CPX, DPS, EAT, EXC, F, GD, GLW, HBI, HCBK, HES, HSP, JBLU, JNY, LMT, MHS, MWV, MYL, NDAQ, NOC, OC, PLD, PX, RES, S, SAP, SEE, SO, TMO, UMC, WLP, WYN
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  • Oct. 25, 2011, 8:48 AM
    Sprint's (S) antitrust lawsuit against AT&T (T) began yesterday with skepticism from U.S. District Judge Ellen Huvelle over whether it has a legal right to challenge AT&T’s proposed $39B acquisition of T-Mobile USA (DTEGY.PK). "You don't stand in the shoes of the consumer," she told Sprint lawyers, adding that antitrust law exists to protect competition, not competitors.
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  • Oct. 19, 2011, 2:39 PM
    Sprint's (S -4.1%) early blockbuster sales from its iPhone 4/4S launch could tail off if media reviews showing slow service speeds continue to pile up (I, II, III). The company's community forum is flooded with complaints, with many disgruntled iPhone 4S owners posting screenshots of less-than-inspiring speed test results.
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  • Oct. 19, 2011, 1:15 PM
    Alcatel-Lucent (ALU -9.2%) and Ericsson (ERIC -5.3%) are off sharply following supplier Powerwave's (PWAV -42.5%) huge warning. The former is also being hit by a downgrade from Jefferies - the firm is worried about declining EV-DO equipment sales now that S and VZ are embracing LTE, and thinks 2H North American telecom capex could be weak. (earlier)
  • Oct. 18, 2011, 6:08 PM
    Several iPhone component suppliers are taking a hit following Apple's (AAPL) FQ4 report, in which iPhone shipments came in below Street forecasts. BRCM -1.7%. QCOM -1.9%. TQNT -4.1%. CRUS -4.2%. GLW -1.2%. OVTI -1.2%. Some other wireless industry players are also selling off: SNDK -1.2%. GOOG -0.8%. S -2.1%. (more)
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  • Oct. 17, 2011, 2:54 PM
    While Green Mountain Coffee (GMCR -10.7%) tumbles thanks to David Einhorn's words, Sprint (S +0.2%) is outperforming because of them. The carrier is extending last week's rally after Einhorn, whose firm owns 56M shares, says he's still bullish, and thinks Sprint can raise capital without diluting shareholders.
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  • Oct. 17, 2011, 9:00 AM
    Premarket gainers: ANDS +253%. EP +28%. BEXP +20%. YRCW +14%. EK +12%. KOG +7%. KMI +5%. WMB +5%. APC +4%. BP +3%. S +3%.
    Losers: NBG -7%. EPB -5%. WFC -5%. ALU -4%. DB -3%.
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  • Oct. 14, 2011, 4:45 PM
    Sprint (S) issues a statement saying it's recorded "its best ever day of sales in retail, Web and telesales for a device family in Sprint history with the launch of iPhone 4S and iPhone 4." Shares +1% AH.
  • Oct. 14, 2011, 12:47 PM
    Moody's downgrades Sprint (S) to B1 from Ba3 in light of the company's plan to seek financing for the build-out of its 4G network and the introduction of the iPhone. The moves "will strain liquidity and push leverage to approximately 5X before the benefits of the investment begin to accrue."
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  • Oct. 14, 2011, 9:57 AM
    Sprint's (S +4.6%) shares enjoy a boost from Credit Suisse's bullish call, as investors overreacted to the impact of the iPhone and Network Vision on Sprint’s cash flow, leading to heightened liquidity concerns. But the company has access to the capital it needs, CS says, and the "cash drag and funding gap is less than many feared." (earlier)
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  • Oct. 14, 2011, 9:15 AM
    Premarket gainers: CLWR +10%. GOOG +8%. S +8%. OPK +7%. GLUU +7%. HOV +6%. SWKS +6%. ADBE +5%. BIDU +5%. ERIC +5%. GMCR +5%. ALU +5%. COOL +4%. AMR +4%. RFMD +4%. RENN +4%. SOL +4%. TQNT +4%. HAL +4%. WLT +4%. MT +4%. FCX +4%. SINA +3%. AONE +3%. SIRI +3%. UN +3%. ING +3%. NFLX +3%. MU +3%. F +3%.
    Losers: DEPO -24%. NCMI -23%. AVII -4%. MAT -3%.
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  • Oct. 14, 2011, 8:42 AM
    Shares of Sprint (S) surge 5.4% higher premarket on reports of euphoria and packed lines on the first day of official iPhone sales. Many Sprint retail stores closed early yesterday to give employees time to prepare for this weekend's expected onslaught.
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Company Description
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.