Sprint: Fiscal 1Q Earnings Snapshot
OVERLAND PARK, Kan. (AP) _ Sprint Corp. (S) on Wednesday reported fiscal first-quarter profit of $176 million.
The Overland Park, Kansas-based company said it had net income of 4 cents per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The wireless carrier posted revenue of $8.13 billion in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $8.04 billion.
Sprint shares have decreased nearly 8 percent since the beginning of the year. The stock has decreased 32 percent in the last 12 months.