Scalper1 News
Sprint (S) turned in better-than-expected subscriber metrics in the June quarter, but whether its poor financial condition will doom a turnaround is still Wall Street’s worry. Sprint burned $2.2 billion in cash in its fiscal Q1 ended June 30, while revenue fell 8.7%. SoftBank CEO Masayoshi Son made a surprise appearance on Sprint’s earnings call, aiming to ease worries over its strategy and liquidity, which stands at $6.6 billion plus $1.3 billion Scalper1 News
Scalper1 News