Sprint posts smaller loss

Send a link to a friend  Share

[January 26, 2016]  (Reuters) - Sprint Corp, the No. 4 U.S. wireless carrier, reported a smaller quarterly loss, helped by cost cuts and higher number of subscriber additions.

Net loss fell to $836 million, or 21 cents per share, for the third quarter ended Dec. 31, from $2.38 billion, or 60 cents per share, a year earlier.

Sprint's net operating revenue fell 9.7 percent to $8.11 billion.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Anil D'Silva)

[© 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Back to top