Sprint Saw Continued Improvement in Postpaid and Prepaid Phone but Faced Tough Pricing; $5 FVE
Sprint’s fourth-quarter results for fiscal 2016 were mixed, as the firm added 42,000 net postpaid wireless phone customers (better than the 22,000 gain a year ago), but its postpaid customer base shrank from last quarter on lost connections in other postpaid devices. Total revenue grew 6% year over year on higher equipment revenue due to installment accounting. However, average postpaid phone billing per user, which accounts for installment accounting, declined modestly year over year, reflectin...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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