UPDATE: Sprint Posts Narrower Q4 Loss
Sprint (NYSE: S) reported a narrower fourth-quarter net loss.
Sprint posted a quarterly loss of $1.04 billion, or $0.26 per share, versus a year-ago loss of $1.32 billion, or $0.44 per share. It posted an operating loss of $576 million, compared to a year--earlier loss of $738 million.
Its net operating revenue surged to $9.14 billion versus $9.01 billion. However, analysts were estimating a loss of $0.35 per share on revenue of $8.98 billion.
Sprint added 58,000 postpaid subscribers and 322,000 prepaid subscribers.
Sprint shares gained 5.85% to $8.14 in pre-market trading.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.