Sprint Corporation (S) Stock Surges After Earnings Beat

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Sprint Corporation (S) Stock Surges After Earnings Beat
By Sprint Nextel [Public domain], via Wikimedia Commons

Sprint Corporation (NYSE:S) released its fourth quarter earnings results this morning before opening bell, posting losses of 26 cents on revenue of $9.14 billion. Analysts had been expecting the company to report losses of 33 cents per share on revenue of $7.75  billion.

Breaking down Sprint’s results

The carrier said operating losses for the quarter improved 22%, rising to $576 million. Adjusted EBITDA was $1.15 billion, a nearly 40% improvement over the previous year’s $300 million. For the full year, the company reported combined annual operating losses of $1.9 billion and adjusted EBITDA of $5.4 billion.

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