Sprint to report customer counts, financial results Tuesday

Sprint Corp. will report its latest customer counts and financial results Tuesday morning, completing the picture of its fiscal year and its standing among the four national carriers.

Overland Park-based Sprint is in the process of cutting $2.5 billion in expenses as part of a larger plan to transform how it does business. The effort led to more than 2,500 job cuts this year and an announcement of 113 layoff notices more recently.

Recent quarterly updates from Sprint have shown net gains of higher-revenue cellular phone customers who generate most of the industry’s profits. Chief executive Marcelo Claure has pushed hard to lure customers from rival carriers with a half-off price deal and other promotions.

Claure also suggested in a Twitter post that Sprint added high-value customers during the recent quarter. He retweeted a report from FierceWireless that said T-Mobile would be the only carrier to see gains in the highest value customer category.

Here’s what Claure thought of that analysis.

Sprint finished December with 58.359 million customer connections to its wireless network.

Customer losses helped drop Sprint to the No. 4 carrier nationally based on subscriber counts behind T-Mobile US Inc., now No. 3 after several quarters of large customer gains. T-Mobile, Verizon and AT&T already have reported their results for the first three months of this year, traditionally slower months for adding new customers.

Financially, Sprint has reported a steady stream of losses and often reports a larger loss in the final quarter of its fiscal year, which Tuesday’s report covers. The company had lost $1.44 billion in the first nine months of is fiscal year.

Sprint has solidified its pocketbook with a number of transactions aimed at generating cash. Last week, the company announced two deals that added $3.1 billion in cash on top of another that brought in $2 billion in cash.

This story was originally published May 2, 2016 at 11:40 AM with the headline "Sprint to report customer counts, financial results Tuesday."