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Sprint: Fiscal 1Q Earnings Snapshot

August 2, 2019

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.


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 https://www.zacks.com/ap/S

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