Sprint announces PCS profit expectations for third quarter

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Sprint Corporation announced Sept. 20 its performance expectations for its PCS Group for the third quarter, based on results to date. |ret||ret||tab|

Sprint stated in a release that it expects PCS Group third-quarter earnings before interest, taxes, depreciation and amortization, will be in the low $100 million range. This is favorable compared to previously expected levels. |ret||ret||tab|

PCS Group currently expects third quarter customer churn will be in the high 2 percent to 3 percent range, which would be a sequential increase. This is principally due to a higher level of company-initiated deactivations. |ret||ret||tab|

As a result of the higher deactivations, and partially due to increased competition, PCS Group expects to report net direct customer additions of around 800,000 in the third quarter. This is below previously expected levels. |ret||ret||tab|

Including affiliates and resale customers, PCS Group expects to add approximately 1.1 million total customers in the third quarter. PCS Group continues to target approximately 4 million net direct customer additions for the full year. Including affiliate and resale customers, PCS Group expects to end the year with more than 10 million total customers.|ret||ret||tab|

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