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Sprint Corporation (S)

- NYSE
  • Aug. 3, 2011, 5:01 PM
    More on Clearwire's (CLWR) Q2: Retail average revenue per user (ARPU) was $47.59. Wholesale ARPU (primarily Sprint subscribers) was $6.18. Retail churn rose 0.7% Q/Q to 3.9%, while wholesale churn was steady at 1.3%. Free cash flow was -$383.7M. As of 6/30, company had $847M in cash and investments, and $4.02B in debt. CLWR -2.4% AH.
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  • Aug. 3, 2011, 4:24 PM
    Clearwire (CLWR): Pro forma Q2 EPS of -$0.71 misses by $0.22. Pro forma revenue of $293.7M (+151% Y/Y) misses by $0.8M. 1.54M Q2 net subscriber additions - 1.5M wholesale and 39K retail. Expects 10M subscribers by end of 2011, up from prior guidance of 9.5M. CLWR -8.5% AH.
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  • Aug. 3, 2011, 1:40 PM
    Bank of America sees a soft Q2 for Leap Wireless (LEAP -3.4%) - due to report after the close - maintaining a Buy rating with a $20 price target. Analysts see the shift of cellular business from voice to data pressuring firms on the lower-income end of the model, including LEAP rivals MetroPCS (PCS -1.1%) and Sprint (S +2.1%).
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  • Aug. 3, 2011, 12:10 AM
    Notable earnings after Wednesday's close: ATML, ATVI, AUY, CAR, CHMT, CLWR, CVI, HIG, MDR, NGD, ONNN, PRU, PXD, RIG, SOLR, TSLA, TSO, WES, WFR, WLT, WMB
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  • Aug. 2, 2011, 10:42 AM
    AT&T (T -1.2%) may have reason for concern about lousy earnings from MetroPCS (PCS -32.3%) and Sprint (S -4%), Dave Kansas muses, since its proposed deal with T-Mobile (DTEGY.PK) would look better to regulators if AT&T had more competition. Sprint and others opposed to the deal will have a stronger argument that AT&T/T-Mobile would be too powerful.
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  • Jul. 29, 2011, 3:58 PM
    With surging wireless data traffic straining resources, wireless carriers are petitioning President Obama to free up more spectrum for commercial use. Spectrum demand could give Clearwire (CLWR) an exit strategy following the Sprint-Lightsquared deal: while Clearwire's enterprise value is now below $4B, its spectrum assets have been valued as high as $20B.
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  • Jul. 29, 2011, 9:00 AM
    Premarket gainers: AHCI +56%. SIFY +15%. EVEP +10%. FCEL +6%. YHOO +4%. VOD +4%. AXL +4%. CHK +3%.
    Losers: VPRT -37%. STEC -36%. MILL -20%. AGP -16%. CTCT -16%. NXPI -11%. MMI -6%. IRE -6%. LVLT -3%. S -3%.
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  • Jul. 28, 2011, 3:07 PM
    Sprint (S -17.4%) and Clearwire (CLWR -24.5%) are both falling hard following Sprint's Q2 results and LightSquared deal. Sprint's 101K net postpaid subscriber loss was worse than Bloomberg's consensus forecast of 25K, and, as Bernstein notes, the company's OIBDA margin declined Y/Y and fell short of analyst estimates. (previously)
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  • Jul. 28, 2011, 9:26 AM
    Nokia Siemens Networks (NOK SI) says it will still build a core network for LightSquared amid speculation their deal will be cancelled following a new $9B deal between LightSquared and Sprint (S). However, NSN doesn't say how much of the original $7B contract will remain. (previous)
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  • Jul. 28, 2011, 9:00 AM
    Premarket gainers: DVAX +28%. GMCR +21%. MVIS +17%. IRE +16%. RBY +15%. LIZ +12%. JVA +12%. SKX +12%. LSI +11%. CROX +8%. EQIX +7%. ECYT +6%. BSX +6%. GT +5%. CELG +4%. CAM +4%. ELNK +4%. MCP +4%. POT +3%. RAD +3%. WFM +2%. BCS +3%. BBVA +3%. SHPGY +3%. SNV +3%.
    Losers: GCVRZ -46%. SQNS -36%. TQNT -19%. ALU -14%. S -11%. LIFE -10%. IMAX -10%. OSK -8%. AIB -9%. RCL -7%. IPG -7%. MUR -7%. LOGI -7%. AIXG -6%. SFLY -5%. LRCX -5%. ASML -4%. CLF -4%. TS -4%. BPAX -3%. STM -3%. LINE -3%.
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  • Jul. 28, 2011, 8:17 AM
    Clearwire (CLWR) is down 2.5% premarket following Sprint's (S) deal with LightSquared, as it suggests Sprint will move away from its 4G partnership with Clearwire. Meanwhile, Sprint is down 10.1%, possibly a sign not only of disappointment with its Q2 results, but also that the market isn't pleased with the capex required as part of the LightSquared deal.
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  • Jul. 28, 2011, 7:22 AM
    More on Sprint's (S +0.8%) earnings: Added nearly 1.1M net wireless customers in Q2. Approx. 9% of post-paid customers upgraded their handsets, reflecting strong demand for Sprint's handset portfolio. Reaffirms 2011 forecast as outlined in Q1. (PR)
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  • Jul. 28, 2011, 7:15 AM
    Sprint Nextel (S): Q2 EPS of -$0.06 beats by $0.05. Revenue of $8.31B (+3.6% Y/Y) in-line. (PR)
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  • Jul. 28, 2011, 6:56 AM
    LightSquared and Sprint (S) enter a 15-year agreement, in which LightSquared will pay Sprint ~$9B for spectrum hosting and network services as well as LTE and satellite purchase credits. (PR) (previously)
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  • Jul. 28, 2011, 12:05 AM
    Notable earnings before Thursday's open: ABC, ABX, ADP, AGCO, ALU, AVP, AZN, BC, BLL, BMY, BSX, BWA, CAM, CCE, CELG, CL, CMS, CNX, CS, D, DAN, DD, DHI, ELNK, EQT, GT, GTIHOT, IMAX, INCY, IP, IPG, IRM, K, LIFE, LIZ, LLL, LM, MF, MHP, MJN, MSI, MWW, NBL, NIHD, ORI, OSK, PHM, POT, PTENRDS.A, ROK, RTN, S, SI, SNE, SNH, SNV, SU, TLM, TWC, TYC, WEC, WM, XEL, XOM, XRAY
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  • Jul. 27, 2011, 3:47 PM
    "There should be a war crimes trial about that deal," says VC honcho Roger McNamee, contending Microsoft stole Skype from Silver Lake Partners. "They bought the last global, integrated telco left for half the value of Sprint (S)." MSFT shares were up 10% since the May purchase before today's 2.9% swoon.
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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.