Cost-Cutting and Modest Customer Growth Mark Sprint's Quarter as Uncertainty Remains Very High
Sprint has been quick to point out that revenue grew for the first time in more than two years during its fiscal second quarter. However, as we suspected after the firm announced preliminary results last week, the mix of equipment sales between installment plans and leases was the primary driver of growth. Wireless services revenue declined 6.3% year over year, a bit more than half of which we estimate was attributable to the migration to unsubsidized rates plans, with most of the remainder rela...Sprint is a holding company. Through its subsidiaries, the company is a communications company providing wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers. The company has two segments: Wireless, which provides wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis, including the sale of wireless services that utilize the company's network but are sold under the wholesaler's brand; and Wireline, which provides a suite of wireline communication services to other communications companies and targeted business customers, as well as voice, data and internet protocol communication services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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