Sprint: Fiscal 1Q Earnings Snapshot
OVERLAND PARK, Kan. (AP) _ Sprint Corp. (S) on Friday reported a fiscal first-quarter loss of $111 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Overland Park, Kansas-based company said it had a loss of 3 cents.
The results matched Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for a loss of 3 cents per share.
The wireless carrier posted revenue of $8.14 billion in the period, beating Street forecasts. Thirteen analysts surveyed by Zacks expected $8.02 billion.
Sprint shares have increased 24% since the beginning of the year. The stock has risen 34% in the last 12 months.