Sprint (S) Revenue Rises 2%

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Sprint’s (S) net operating revenues of $10.2 billion in the second quarter were 2% above the year-ago period

For the second quarter, diluted earnings per share (EPS) from continuing operations was 1 cent, compared to 10 cents in the second quarter of 2006.

Free cash flow fell from $761 million to $183 million. Capex rose from $1.359 billion to $1.666 billion as the company continued to build out its national WiMax network.

Post-paid net additions increased more than 235,000 from the first quarter and were a positive 16,000 for the quarter.

Post-paid churn for the quarter was a little more than 2.0%, compared to 2.3% in the first quarter 2007 and a little more than 2.1% in the year-ago second quarter.

Douglas A. McIntyre