Sprint's loss narrows as company adds phone subscribers


The net loss narrowed to USD 283 million or USD 0.07 per share, from a net loss the year earlier of 554 million or 0.14 per share, while the operating profit advanced to USD 470 million from 8 million.

"Sprint took a big step forward in the second year of our turnaround plan", said Sprint CEO Marcelo Claure.

The Overland Park, KS-based wireless carrier reported a Q4 net loss of ($0.07), which was $0.04 worse than the Wall Street consensus estimate of ($0.03).

For the full year, adjusted free cash flow returned to positive, $607M vs. a year-ago -$1.4B.

North Korea 'disrespected' China with missile test Trump
On Saturday, a North Korean mid-range ballistic missile broke up a few minutes after launch, the third test-fire flop this month. Trump did not answer reporters' questions about the missile launch upon returning to the White House from a daytrip to Atlanta.

Groupon added 500,000 net new customers in North America to bring the regional total of active customers to 31.6 million.

Sprint added 42,000 postpaid phone subscribers, or those who pay a monthly bill, in the quarter.

Sprint Corp (NYSE:S) told investors it added 930,000 "postpaid" phone customers in 2016, which was double the amount it added the year before and was the highest number of additions for four years. Sprint said it added 1.9 million, including postpaid additions of 811,000, prepaid losses of 1.1 million, and wholesale and affiliate net additions of 2.1 million in fiscal 2016.

Sprint said it added 187,000, including postpaid losses of 118,000, prepaid net additions of 180,000, and wholesale and affiliate additions of 125,000 in the fourth quarter.

Watch The Voice Live Top 11 Eliminations online
According to Radar Online , Keys got into a " backstage brawl " with Gwen after she accused Blake of "rigging" the show's results. The Top 10 artists will perform live once again for America's votes on the May 8 episode , and one more will be eliminated .

Sprint did not participate in the auction but was not permitted to talk to companies that were.

Sprint said postpaid phone churn was 1.58 percent and postpaid churn was 1.75 percent in the fourth quarter. The company cut its cost of service and selling, general and administrative expenses by $2.1 billion in 2016. In last year's first quarter, the company posted $698.4 million in revenue.

For fiscal 2017, Sprint expects adjusted EBITDA to be between $10.7 billion and $11.2 billion and operating income to be between $2 billion and $2.5 billion.

US submarine makes S.Korea port call, North remains defiant
But with increasingly provocative statements and actions coming from North Korea, the emphasis is on military deterrence. As allies of Japan and South Korea, the White House has briefed the government on the escalating issues with Pyongyang.