Sprint reports 2Q loss
Oct. 25, 2016
OVERLAND PARK, Kan. (AP) — Sprint Corp. (S) on Tuesday reported a loss of $142 million in its fiscal second quarter.
The Overland Park, Kansas-based company said it had a loss 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 7 cents per share.
The wireless carrier posted revenue of $8.25 billion in the period.
Sprint shares have climbed 91 percent since the beginning of the year. The stock has risen 55 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on S at http://www.zacks.com/ap/S
Keywords: Sprint, Earnings Report