On Tuesday, Shares of Sprint Corporation (NYSE:S), gained 4.49% to $3.49.
Sprint Corporation stated operating results for the first fiscal quarter of 2015, counting record low Sprint platform postpaid churn of 1.56 percent, total net additions of 675,000, and for the fifth successive quarter, reduced postpaid phone losses to reach phone net additions in May and June. In addition, the company stated net operating revenue of $8 billion, operating income of $501 million and Adjusted EBITDA* of $2.1 billion, and is raising its fiscal year 2015 Adjusted EBITDA outlook from the previous expectation of $6.5 to $6.9 billion to $7.2 to $7.6 billion, not taking into account any accounting impacts from potential lease financing.
Record Sprint Platform Postpaid Churn Highlights Continued Improvement in Customer Metrics
Sprint is improving the customer experience with better network performance and a compelling value proposition, counting simple offers such as its industry-first leasing program and the recently introduced All-In Wireless plans. The company made noteworthyprogress on retaining more of its valuable postpaid customers, counting a record low Sprint platform postpaid churn rate of 1.56 percent – a 49 basis point improvement year-over-year. Additionally, the company saw strong improvement in the more profitable phone customers. These trends contributed to improvement in several Sprint platform postpaid customer metrics.
- Postpaid net additions of 310,000 contrast to net losses of 181,000 in the preceding year quarter – an improvement of 491,000 year-over-year.
- Postpaid phone losses were 12,000, but for the first time in nearly two years Sprint recorded monthly postpaid phone net additions in both May and June. This marked the fifth successive quarter of sequential improvement and contrast to losses of 620,000 in the preceding year quarter. The 608,000 year-over-year improvement was driven by lower churn and a 13 percent enhance in gross additions, counting a 47 percent enhance in gross additions with prime credit quality.
- Net port positive for the second successive quarter.
Sprint Corporation, through its auxiliaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.
Shares of Southwest Airlines Co. (NYSE:LUV), inclined 1.07% to $37.93, during its last trading session.
Southwest Airline’s Board of Directors declared a quarterly dividend of $.075 per share to Shareholders of record at the close of business on August 20, 2015 on all shares then issued and outstanding. The 156th successive dividend will be paid on September 10, 2015.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Finally, The Western Union Company (NYSE:WU), ended its last trade with -0.25% loss, and closed at $20.17.
The Western Union Company have declared that they will be extending their more than 20-year relationship. Western Union international and domestic money transfer and money orders and bill payment services will continue to be accessible at more than 170 Cash Money Agent locations.
Through these services, funds can be sent from Cash Money Agent locations to nearly half a million Western Union Agent locations in more than 200 countries and territories around the globe.
The Western Union® global money transfer system offers Cash Money—and customers—true international connectivity via cross-border money transfers in minutes* between consumers, and also from consumers to businesses within Canada.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions.
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