AP NEWS

Sprint: Fiscal 2Q Earnings Snapshot

November 4, 2019 GMT

OVERLAND PARK, Kan. (AP) — Sprint Corp. (S) on Monday reported a fiscal second-quarter loss of $274 million, after reporting a profit in the same period a year earlier.

The Overland Park, Kansas-based company said it had a loss of 7 cents per share.

The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The wireless carrier posted revenue of $7.8 billion in the period, which also did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $8.17 billion.

Sprint shares have increased 8% since the beginning of the year. The stock has increased slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on S at https://www.zacks.com/ap/S