Sprint Soars After Signaling Progress in Claure’s Turnaround

Updated on
  • 180,000 new subscribers beat analysts’ 112,000 estimate
  • Net loss widened to $302 million in first fiscal quarter

Marcelo Claure.

Source: CNBC/NBCU Photo Bank via Getty Images

Sprint Corp. soared to a two-year high after posting its sixth straight quarter of subscriber gains, a sign of progress in Chief Executive Officer Marcelo Claure’s plan to turn around the struggling wireless carrier.

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