|Day's Range||8.54 - 8.71|
|52 Week Range||5.55 - 9.65|
|PE Ratio (TTM)||-28.22|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
As part of an effort to ramp up its retail footprint in the Midwest, Sprint Corp. will open seven new stores in the Kansas City area. The move is part of Sprint's (NYSE: S) broader push to aggressively expand distribution throughout the U.S., including opening 30 planned stores in the Midwest region by the end of the year. “The main driver behind our expansion in the Midwest and across the country is customer growth,” Sprint spokesman John Votava wrote in an email.
The Dallas, Texas-based company, which has suffered slowing growth amid intensified competition from T-Mobile US, Inc. (NASDAQ:TMUS) and Sprint Corporation (NYSE:S), posted adjusted second-quarter earnings were 79 cents per share, up from 72 cents a year ago, with revenue falling 1.7% to $39.8 billion. Despite the overall inline revenue, it’s encouraging that AT&T was still able to meet expectations even as it continues to scale back in legacy wirelines and consumer mobility business.
AT&T, T-Mobile, and Sprint are gaining in key areas, according to a new report.