Mr.Nuke Posted November 3, 2014 Share Posted November 3, 2014 LTE covering 260 million people 2.5 LTE aka Band 41 covers 92 million Total Net additions of 590,000 subs Postpaid net loss of 272,000, prepaid net adds of 272,000 and wholesale net additions of 827,000 Operating Revenue of $8.5 billion, Operating loss of $192 million. Net loss of $765 million for the quarter, $284 million of that being severance packages. EPS loss of 19 cents per share versus analyst consensus estimates of 6 cents More cuts coming: 2,000 more previously unannounced layoffs People: "The company has launched a management review and will seek to grow its leadership talent with a combination of internal candidates, new outside talent and SoftBank resources" Postpaid deflections declined significantly in September with net losses slowing by almost 60 percent Postpaid gross phone additions grew 37% month-to-month in September 800 and Band 41 deployments are on track to meet goals for the end of the year. Capital Expenditures for next year are being revised downward to less than $6 billion. http://newsroom.sprint.com/article_display.cfm?article_id=11627 5 Quote Link to comment Share on other sites More sharing options...
derrph Posted November 3, 2014 Share Posted November 3, 2014 Wow! Not bad at all 5 Quote Link to comment Share on other sites More sharing options...
lennyj17 Posted November 3, 2014 Share Posted November 3, 2014 <p><p>So more of the same...... This is depressing.... sometime I feel like there's no hope for S....</p><br /> <p> </p><br /> <p> </p><br /> <p>EDIT: </p><br /> <p>This show there's alot of work that needs to be done.... A LOT.... And more than just the Network. When are we going to see more hardcore Marketing from this company. </p><br /> <p> </p><br /> <p>Say what you will about Legere, the dude knows how to market..... Everyone knows "Uncarrier", damn if Sprint could just get some of that. </p></p> Quote Link to comment Share on other sites More sharing options...
NYC126 Posted November 3, 2014 Share Posted November 3, 2014 Net Operating Revenue of $8.5 billion; Operating Loss of $192 million and Adjusted EBITDA* of nearly $1.4 billion Total Sprint platform net additions of 590,000 Postpaid net losses of 272,000 Prepaid net additions of 35,000 Wholesale net additions of 827,000 Brand repositioned as the Best Value in Wireless Postpaid phone gross additions grew 37 percent month-over-month in September and increased year-over-year for the first time in 2014 Continued improvement in network performance and 4G LTE expansion Recent studies by RootMetrics® see improvement in data network reliability and speeds from a year ago Sprint received 94 first-place or shared first-place RootScore® Awards for reliability, call and/or text performance in cities across the country1 4G LTE coverage expands to 260 million people Quote Link to comment Share on other sites More sharing options...
EvanA Posted November 3, 2014 Share Posted November 3, 2014 So more of the same...... This is depressing.... sometime I feel like there's no hope for S.... Say what? They posted the first quarter of net adds in quite a while! 3 Quote Link to comment Share on other sites More sharing options...
NYC126 Posted November 3, 2014 Share Posted November 3, 2014 http://m.seekingalpha.com/pr/11543595-sprint-reports-results-for-second-fiscal-quarter-of-2014 1 Quote Link to comment Share on other sites More sharing options...
Ascertion Posted November 3, 2014 Share Posted November 3, 2014 Definitely good results...I guess the media doesn't care about net additions as much as job cuts so the stock is failing. Sent from my LG-LS980 Quote Link to comment Share on other sites More sharing options...
NYC126 Posted November 3, 2014 Share Posted November 3, 2014 55 millions by the end the 3rd quarter. Team pink is upset with passing them. 1 Quote Link to comment Share on other sites More sharing options...
lennyj17 Posted November 3, 2014 Share Posted November 3, 2014 Say what? They posted the first quarter of net adds in quite a while! Still Post-Paid Losses and Churn is higher than it was in the previous quarter.... It was Wholesale that gave them a gain.... Doesn't speak well of Sprint branding right now.... Sprint needs some serious Marketing like yesterday, some serious branding. Quote Link to comment Share on other sites More sharing options...
lilotimz Posted November 3, 2014 Share Posted November 3, 2014 2.5 GHz LTE deployment now covers 92 million people and remains on track to hit 100 million by the end of the year. Inserted in there just like an afterthought. CAPEX down from $7 bil to $6 bil now as well. That Nokia and Alcatel-Lucent equipment shortage is really biting Sprint in the ass as they're not expected to let up until 2H 2015. Quote Link to comment Share on other sites More sharing options...
marioc21 Posted November 3, 2014 Share Posted November 3, 2014 Webcast of earnings call is available here if anyone is interested. http://services.choruscall.com/links/sprint141103.html# Quote Link to comment Share on other sites More sharing options...
EvanA Posted November 3, 2014 Share Posted November 3, 2014 Sept. showed best net adds since Dec 2012 2.18% churn rate Top priority is postpaid additions. Expect postpaid phone additions in Q4 1 Quote Link to comment Share on other sites More sharing options...
Mr.Nuke Posted November 3, 2014 Author Share Posted November 3, 2014 73% of post-paid phone subscribers are on LTE. Quote Link to comment Share on other sites More sharing options...
EvanA Posted November 3, 2014 Share Posted November 3, 2014 Expect substantially complete 800MHz voice and LTE deployment by the end of this year. Expect over 100mil 2.5GHz by the end of the year. Quote Link to comment Share on other sites More sharing options...
Mr.Nuke Posted November 3, 2014 Author Share Posted November 3, 2014 Expect substantially complete 800MHz voice and LTE deployment by the end of this year. Expect over 100mil 2.5GHz by the end of the year. He said voice on 800 substantially completed this year, next year for Band 26 LTE, where both can be deployed. On 2.5, he reiterated going forward they are going to be looking at the network and deploying it to the places it is needed first, as well as having several cities that will serve as a proof of concept of a completed Sprint Spark market and marketing aggressively in those markets. Quote Link to comment Share on other sites More sharing options...
bucdenny Posted November 3, 2014 Share Posted November 3, 2014 New call center at headquarters. Eliminating overseas? 1 Quote Link to comment Share on other sites More sharing options...
NYC126 Posted November 3, 2014 Share Posted November 3, 2014 If many sites on exciting LTE markets are still lacking fiber backhaul, they will continue to lose Postpaid customers. The lack of fiber backhaul is causing customers to flee. 1 Quote Link to comment Share on other sites More sharing options...
Mr.Nuke Posted November 3, 2014 Author Share Posted November 3, 2014 First question on 2.5 Claure 1) Complete 800 mhz LTE, crucial to enhance in building coverage 2) leverage 2.5 for capacity issues 3) continous deployment of 2.5, accelerating deployment in customer target deployment. Start in 3-5 deployment markets but then roll-out to country (clarifying previous confusion) Quote Link to comment Share on other sites More sharing options...
sbolen Posted November 3, 2014 Share Posted November 3, 2014 Investors sure don't like this. S is down 6.77% after-hours. Quote Link to comment Share on other sites More sharing options...
EvanA Posted November 3, 2014 Share Posted November 3, 2014 Investors sure don't like this. S is down 6.77% after-hours. They posted a high loss this quarter and announced more job cuts Quote Link to comment Share on other sites More sharing options...
Mr.Nuke Posted November 3, 2014 Author Share Posted November 3, 2014 Investors sure don't like this. S is down 6.77% after-hours. The stock was up 4.55% on a day when the market was down in regular trading though. The stock is down about 1% from where it opened today. The company reported losses greater than expected, the stock is going to drop. If many sites on exciting LTE markets are still lacking fiber backhaul, they will continue to lose Postpaid customers. The lack of fiber backhaul is causing customers to flee. I think they're aware of this. Quote Link to comment Share on other sites More sharing options...
Fraydog Posted November 3, 2014 Share Posted November 3, 2014 There isn't enough postpaid gains, or at the least stopping the outflow of postpaid. Until Sprint starts getting to the same speed averages as their competitors on averages like RootMetrics and NetIndex, the outflows will likely continue. Quote Link to comment Share on other sites More sharing options...
sbolen Posted November 3, 2014 Share Posted November 3, 2014 The stock was up 4.55% on a day when the market was down in regular trading though. The stock is down about 1% from where it opened today. True. It's only down 0.14 from open today. Quote Link to comment Share on other sites More sharing options...
jamisonshaw125 Posted November 3, 2014 Share Posted November 3, 2014 Not bad. Not amazing, but not bad. 2.5 ghz is still key. Get it out there and get it out there fast. It's an immediate improvement and can keep a customer from switching. Sent from my iPhone 6 on Crapatalk Quote Link to comment Share on other sites More sharing options...
NYC126 Posted November 3, 2014 Share Posted November 3, 2014 The stock was up 4.55% on a day when the market was down in regular trading though. The stock is down about 1% from where it opened today. The company reported losses greater than expected, the stock is going to drop. I think they're aware of this. He, and the new Japanese guy head of network should be in a Cisco conference call with the cable companies head of Business class. Why in glue hell I paid for fiber contracts, and many of my towers are still not wired with it. 2 Quote Link to comment Share on other sites More sharing options...
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