Sprint reports 4Q loss

MarketsAssociated Press

Sprint Corp. (S) on Wednesday reported a loss of $283 million in its fiscal fourth quarter.

The Overland Park, Kansas-based company said it had a loss of 7 cents per share.

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The results fell short of Wall Street expectations. The average estimate of 20 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The wireless carrier posted revenue of $8.54 billion in the period, exceeding Street forecasts. Nineteen analysts surveyed by Zacks expected $7.97 billion.

For the year, the company reported that its loss narrowed to $1.21 billion, or 30 cents per share. Revenue was reported as $33.35 billion.

Sprint shares have increased nearly 8 percent since the beginning of the year. The stock has more than doubled in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on S at https://www.zacks.com/ap/S


Keywords: Sprint, Earnings Report