Sprint Posts Fourth-Quarter Sales That Top Analyst Estimates
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Sprint Corp., the third-largest U.S. wireless carrier, reported a narrower loss and better-than-predicted sales after the company shed fewer subscribers than analysts had projected.
Revenue rose 1.5 percent to $9.14 billion, the Overland Park, Kansas-based Sprint said today in a statement. Analysts had estimated $8.99 billion on average, according to data compiled by Bloomberg. The company posted a net loss of $1.04 billion, or 26 cents a share, compared with a loss of $1.32 billion, or 44 cents, a year earlier.