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Sprint reports smaller quarterly loss

Jan 31 (Reuters) - Sprint Corp posted a smaller quarterly loss as the No. 4 U.S. wireless carrier cut costs as part of a turnaround plan.

The company, majority owned by Japan’s SoftBank Corp, said its net loss narrowed to $479 million, or 12 cents per share, from $836 million, or 21 cents per share, a year earlier.

Net operating revenue rose to $8.55 billion from $8.11 billion in the third quarter Dec. 31. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)

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