Boston, MA 10/29/2013 (wallstreetpr) – Sprint Corporation (NYSE:S) is all set to announce its quarterly results on Wednesday. The company tops the list of stock watchers as Wednesday will be decisive to measure the company’s performance after it has settled into a deal with Japan’s Softbank. Taking queues from the ever competing wireless market, the company’s chances of treading into positive territory is dim but the expectations are high as to whether the company’s deal can help it to raise its level up against the giants AT$T (NYSE:T) and Verizon (NYSE:VZ).
In the second quarter, Sprint Corporation had posted losses of $0.31 per share. Currently, as per the market consensus, the company’s earning per share is projected to be ($ 0.19).
In a highly changing wireless market, the Sprint’s deal with Softbank has largely rescued the Kansas based carrier from turning to insignificant.However, Sprint looks over to a challenging environment as both of its rivals, Verizon and AT&T have taken their respective strategic actions to take complete hold of the wireless market. This makes it mandatory for Sprint to quickly act to get a competitive edge over the market.
As the company approaches the earnings day, it announced that it has made Canvas’s mobile business application platform available to Sprint business customers.Canvas is a cloud-based software service which allows business to switch over to efficient mobile forms and apps from that of paper forms.The service could be accessed on Smartphones, tablets as well as computers.While Canvas functions on all Sprint provided Smartphones and tablets, it is also introduced for Samsung Galaxy Tab 3.
Sprint Corporation based in Overland Park, Kansas established in 1899. It offers and works in only two segments i.e. both wireless and wire-line communicationsthrough which it provides services to its consumers, businesses, and government users.
On Monday, the shares rose by 2.48% to close at $6.61.