Sprint Corp. Increases 2018 Adj. EBITDA Outlook - Quick Facts

(RTTNews) - Sprint Corp. (S) increased its expectation for adjusted EBITDA to a range of $12.4 billion to $12.7 billion. The previous expectation was $12.0 billion to $12.5 billion. Excluding the impact of the new revenue recognition standard, the company increased its expectation for adjusted EBITDA to a range of $11.7 billion to $12.0 billion. The previous expectation was $11.3 billion to $11.8 billion.

For the second-quarter, adjusted EBITDA was $3.26 billion compared to $2.73 billion, previous year. Wireless service revenue grew year-over-year for the first time in nearly five years, excluding the $173 million impact of the new revenue recognition standard.