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National Wireless Independent Dealer Association

Sprint Earnings – UPDATED

Sprint EarningsThe Sprint earnings call took place late yesterday and we have the facts and figures

Sprint reported a net loss of $2.2 billion and operating loss of $1.7 billion in its fourth quarter, which ended March 31. The company ended the 2018 fiscal year with a net loss of $1.9 billion and operating income of $397 million.

Sprint also said that for the period, it added 169,000 devices, although it relied on 358,000 “data device” that includes tablets and wearables to offset the losses of 189,000 phone users. Sprint finished its fiscal 2018 with just under 54.5 million subscribers, which is below the 54.6 million users from its fiscal 2017.

Sprint did not clarify how many postpaid additions were from free lines in its earnings release Tuesday.

Adjusted free cash flow for the end of fiscal 2018 was negative $914 million.

You can see the Sprint presentation here

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