“It was a solid quarter,” said Kevin Smithen, an analyst at Macquarie Securities USA Inc. in New York. The results show that Sprint was smart to get the iPhone, he said, despite a costly purchase agreement it made with Apple Inc. (AAPL) “People will question why they got the iPhone. Now they have the answer.”
Sprint also increased its operating-income forecast for 2012 to $4.5 billion to $4.6 billion, excluding some items, up from about $3.9 billion.
“We are doing a good job on managing customer phone upgrades and we are getting a better financial performance from our Network Vision investment,” Hesse said in the interview. “All of those things give us the confidence to significantly raise our forecast for the year.”