Sprint Earnings on the Rise

 
 
By Shelley Solheim  |  Posted 2005-04-25 Print this article Print
 
 
 
 
 
 
 

Sprint's first-quarter revenue rose to $6.9 billion, from $6.7 billion for the same period a year ago.


Sprints first-quarter revenue rose to $6.9 billion, from $6.7 billion for the same period a year ago.

The company earned $472 million, or 31 cents per share, compared with $225 million, or 16 cents per share, for the same quarter a year ago.

Sprints growth was driven in large part by its wireless business—which added 1.3 million subscribers, bringing its total number of subscribers to 26 million—and by a 12.5 percent increase in revenue, compared with the same period a year ago. Subscriber churn dropped to 2.5 percent, from 2.7 percent for the prior quarter.

Growth in the wireless business made up for a 10 percent revenue dip in Sprints long-distance phone service and almost-flat results for its local phone service.

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