Research Desk Line-up: Turkcell Iletisim Hizmetleri Post Earnings Coverage

LONDON, UK / ACCESSWIRE / November 13, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Sprint Corp. (NYSE: S), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=S, following the Company's reporting of its financial results on October 25, 2017, for the second quarter of the fiscal year 2017. The Overland Park, Kansas-based Company's net loss narrowed on a year-over-year basis during the reported quarter. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Wireless Communications industry. Pro-TD has currently selected Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) for due-diligence and potential coverage as the Company announced on October 25, 2017, its financial results for Q3 2017. Register for a free membership today, and be among the early birds that get access to our report on Turkcell Iletisim Hizmetleri when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on S; also brushing on TKC. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=S

http://protraderdaily.com/optin/?symbol=TKC

Earnings Reviewed

During Q2 FY17, Sprint reported net operating revenues of $7.93 billion, which came in below the $8.25 billion recorded at the end of Q2 FY16. The Company's quarterly net operating revenue numbers fell short of Wall Street's expectations of $8.07 billion. Total services revenue fell to $5.97 billion in Q2 FY17 from $6.41 billion in Q2 FY16. Meanwhile, equipment revenues grew to $1.96 billion in Q2 FY17 from $1.83 billion in the prior year's same quarter.

The telecom Company reported a net loss of $48 million, or $0.01 loss per diluted common share, in Q2 FY17, lower than the net loss of $142 million, or $0.04 loss per diluted common share, in the prior year's comparable quarter. Meanwhile, market analysts had expected the Company to report a $0.02 loss per diluted share for the reported quarter.

Operating Metrics

For Q2 FY17, the mobile communication service provider's operating income came in at $601 million versus $622 million in the year ago comparable period. In Q2 FY17, adjusted EBITDA margin was $2.73 billion, or 45.7% of operating revenues, compared to $2.35 billion, or 36.6% of operating revenues, reported in Q2 FY16.

In Q2 FY17, the Company added 378 thousand wireless customers compared to 599 thousand of net new additions in the last year's corresponding quarter. Sprints' postpaid customer base increased to 31.69 million in Q2 FY17 from 31.29 million in Q2 FY17. Moreover, the prepaid customer base was 8.77 million in Q2 FY17 compared to 10.19 million in Q2 FY16.

Segment Results

During the quarter ended September 30, 2017, the branded postpaid phone service segment's revenues came in at $4.36 billion compared to $4.72 billion in the year ago same period. Additionally, postpaid phone average revenue per user (ARPU) stood at $46.00 in Q2 FY17 versus $50.54 in Q2 FY16.

Sprint's branded prepaid phone service segment generated revenues amounting to $990 million, which was lower than the last year's comparable quarter's recorded revenues of $1.04 billion. Moreover, Sprint's prepaid ARPU was $37.83 during Q2 FY17 compared to $33.15 in Q2 FY16.

Cash Flow and Balance Sheet

In the quarter ended September 30, 2017, Sprint generated $1.96 billion of cash from operations compared to $1.71 billion in the previous year's corresponding period. In Q2 FY17, free cash flow came in at $779 million versus $891 million in Q2 FY16. Furthermore, adjusted free cash flow was $420 million during the reported quarter compared to $707 million in Q2 FY16.

The Company's cash and cash equivalents balance as on September 30, 2017, was $4.80 billion compared to $2.87 billion as on March 31, 2017. Furthermore, the Company reported a total debt of $38.38 billion as on September 30, 2017, compared to $40.91 billion recorded as on March 31, 2017.

Merger Update

In a separate press release on November 04, 2017, Sprint announced that it had ceased talks to merge with T-Mobile (NASDAQ: TMUS) as the Companies were unable to find mutually agreeable terms.

Guidance

In its outlook for the full-year FY17, Sprint expects EBITDA to be in the range of $10.8 billion to $11.2 billion. Furthermore, operating income is projected to be in the band of $2.1 billion to $2.5 billion.

Stock Performance

On Friday, November 10, 2017, Sprint's stock closed the trading session at $6.19, marginally up 0.32% from its previous closing price of $6.17. A total volume of 14.07 million shares were exchanged during the session. The stock currently has a market cap of $24.68 billion.

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SOURCE: Pro-Trader Daily