While the wireless giant showed improvements in revenue, Ebitda and post-paid phone subscriptions during its first fiscal quarter, the carrier's merger with T-Mobile US Inc. (TMUS) - Get Report loomed over the earnings call.
New Sprint CEO Michel Combes, who replaced Marcelo Claure in May, topped the call with a discussion of the deal.
"Marcelo has been busy in Washington sharing the significant merits of our transformative transaction to combine with T-Mobile," Combes told investors.
Claure has taken a seat on Sprint's board and become Chief Operating Officer of the telecom's parent company, SoftBank Group Corp. (SFTBY) . Along with lobbying for the T-Mobile merger, Claure's duties include looking for ways that Sprint can collaborate with Softbank's portfolio of tech investments.
Perhaps playing to Trump administration rhetoric, Combes said the post-merger company would "put America first" by building out a 5G wireless network that would benefit people in rural markets, while also taking other pro-consumer steps.
"There is a good chance that [the merger] will get approved with conditions," said Roger Entner of Recon Analytics Inc.
Sprint earned 4 cents per share, while Wall Street expected the company to just break even. Adjusted wireless revenues of $5.6 billion grew by $30 million from the prior quarter, Sprint's first sequential gain in four years.
The telecom's stock was flat on Monday at $5.43 per share, after hitting $5.55 earlier in the day.
T-Mobile US reports its own second-quarter earnings on Wednesday after the close.
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