Sprint Loss Wider Than Estimates Amid Push to Add Customers
- No. 4 U.S. carrier still struggling with turnaround effort
- Cost-cutting comes at `unsustainable cost,' analyst says
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Sprint Corp.’s price-cutting promotions, like $1-a-month iPhone leases, have helped the struggling wireless carrier sign up new customers, yet are proving costly.
Sprint posted a net loss for the fiscal second quarter ended in September of 15 cents a share, according to a statement Tuesday by the Overland Park, Kansas-based company. That’s more than twice the average 7-cent loss projected by analysts, according to estimates compiled by Bloomberg.