Sprint’s Earnings Show Turnaround Progress for CEO Claure
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Sprint Corp. Chief Executive Officer Marcelo Claure showed progress in his turnaround plan for the unprofitable carrier with better-than-estimated quarterly results and the third consecutive gain in subscribers.
While Sprint suffered a setback in total-user rankings in the quarter ended in June -- dropping to fourth place behind T-Mobile US Inc. -- the return to user growth after seven years of customer losses is one of the primary goals in Claure’s efforts.