Reuters logo
Sprint's quarterly loss narrower than estimates amid T-Mobile deal chatter
October 25, 2017 / 12:14 PM / a month ago

Sprint's quarterly loss narrower than estimates amid T-Mobile deal chatter

NEW YORK, Oct 25 (Reuters) - Sprint Corp’s quarterly loss was narrower than Wall Street analyst estimates as the wireless carrier added subscribers, while the company declined to hold a post-earnings conference call amid speculation it would announce a merger with rival T-Mobile US Inc.

The No. 4 U.S. wireless carrier reported a net loss of $48 million, or 1 cent per share in the company’s second quarter ended Sept. 30, compared to a loss of $142 million, or 4 cents per share, a year earlier.

Net operating revenue was $7.93 billion, down from $8.25 billion.

According to Thomson Reuters I/B/E/S, analysts had expected a loss of 2 cents a share and revenue of $8.05 billion.

Reporting by Anjali Athavaley; Editing by Chizu Nomiyama

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below