May 3, 2017 / 11:39 AM / 7 months ago

Sprint's loss narrows as postpaid subscriptions rise

May 3 (Reuters) - Sprint Corp reported a smaller quarterly loss on Wednesday, as the No. 4 U.S. wireless carrier added more postpaid phone subscribers.

The company, majority owned by Japan’s SoftBank Corp, said net loss narrowed to $283 million, or 7 cents per share in the fourth quarter ended March 31, from $554 million, or 14 cents per share, a year earlier.

Net operating revenue rose 5.8 percent to $8.54 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar)

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