View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 2, 1999


By CBR Staff Writer

Sprint Corp, Kansas City, Missouri-based telecoms company, has reported pro forma results for its FON wireline business and PCS wireless business tracking stock. FON reported fourth quarter net income up 13.4% at $404.6 on revenues up 7.5% at $4,141.1m. The quarter included a results included a $104m one-time gain from the sale of local exchanges and other investments. For the year net income was up 11.9% at $1,535.3 on revenues up 7.7% at $16,016.9. Pro forma earnings per share for the FON stock were up 14.5% at $0.95 in the fourth quarter and up 12.8% at $3.60 for the year. The PCS group reported fourth quarter net loss at $646.5m up from $465.5m last time on revenues of $437.4 up from pro forma revenues of $147.5m last time. For the year, net loss reached $1,120.8m up from $1,466.2m last time on revenues of $1,225.4m up from pro forma 1997 revenues of $258m. In November 1998, Sprint recapitalized its common shares into two separate classes FON stock and PCS stock.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.