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The
company, in the middle of a turnaround plan, also said it
expected fiscal 2015 adjusted EBITDA at the lower end of its
previously forecast range of $7.2 billion-$7.6 billion.
Sprint's shares were down 7.2 percent in premarket trading on
Tuesday.
The shift to monthly leasing plans has resulted in increased
cash burn as Sprint needs to pay upfront for mobile devices but
gets paid only monthly by subscribers.
Sprint said on Sunday it would cut jobs and control costs as
part of its plan to slash fiscal 2016 expenses by as much as
$2.5 billion.
Sprint, majority-owned by Japan's SoftBank Corp <9984.T>, said
net operating revenue fell 6 percent to $7.98 billion in the
second quarter ended Sept. 30 from $8.49 billion a year earlier.
Analysts on average had expected revenue of $8.14 billion,
according to Thomson Reuters I/B/E/S.
Sprint said it added a net 1.1 million customers in the quarter.
The company's net loss narrowed to $585 million, or 15 cents per
share, in the second quarter ended Sept. 30, from $765 million,
or 19 cents per share, a year earlier.
(http://1.usa.gov/1l5T2sh)
(Reporting by Anya George Tharakan in Bengaluru; Editing by
Saumyadeb Chakrabarty)
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