Hewlett-Packard (HPQ) announced its fiscal 2Q17 results on May 24, 2017. It reported revenue of $12.4 billion and non-GAAP EPS of $0.40.
Sprint’s management has indicated that the company is currently pursuing various initiatives, the most interesting of which is its deployment of the Magic Box.
On May 19, 2017, Sprint’s (S) forward EV-to-EBITDA ratio was ~5.60x, lower than T-Mobile’s (TMUS) ~6.87x.
Sprint’s strong postpaid phone net additions for fiscal 2016 are evidence that its network is becoming more competitive with its larger peers.
Sprint’s management has indicated that the carrier views its 2.5 GHz spectrum as low-band for 5G, and it plans to provide commercial 5G services and devices in late 2019.
Sprint’s device leasing has helped it to regain its financial position. The take rates of Sprint’s leasing plans have continued to surpass its installment plans in the last few quarters.
Sprint (S) has been struggling to move toward profits lately. The company hasn’t reported a positive net income over the past few quarters.
Sprint’s postpaid phone average billing per user fell ~4.0% YoY (year-over-year) from $71.53 in fiscal 4Q15 to $68.66 in fiscal 4Q16.
During Sprint’s fiscal 4Q16 earnings conference call, its management made a comment that gave credence to hopes of a T-Mobile (TMUS) merger.
In fiscal 2016, Sprint realized $2.1 billion worth of cost reductions, of which ~$500 million were realized in fiscal 4Q16, the quarter that ended in March 2017.
In fiscal 4Q16, Sprint spent just over $0.9 billion in cash capex, a fall compared to $1.2 billion in fiscal 3Q16 and $1.3 billion in fiscal 4Q15.
Tiffany’s comps fell 3% in Europe mainly on account of unfavorable currency movement.
Tiffany’s (TIF) fiscal 1Q17 sales of $0.9 billion fell short of Wall Street’s consensus estimate but rose ~1% driven by growth in fashion jewelry and increased sales in mainland China (FXI).
Tiffany (TIF) reported its fiscal 1Q17 results on May 24, 2017. The company’s EPS (earnings per share) of $0.74 surpassed analysts’ estimate of $0.70.
Tiffany (TIF) disappointed investors with its comparable-store sales numbers in 1Q17. After results were announced, the company’s stock plunged ~9%.
Previously in this series, we saw that Applied Materials (AMAT) has achieved strong growth in earnings in almost all business segments. Strong revenue and profits increased the company’s cash inflow and…
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