Sprint Q1 Loss Narrows, Subscriber Losses Continue

By | April 29, 2014

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Sprint (S) early Tuesday said its Q1 loss narrowed from the year-earlier quarter, but its customer defections dragged on. Sprint stock was up 11% in early trading in the stock market today, near 8.25. Japan-based SoftBank owns 80% of Sprint. The No. 3 wireless phone company behind Verizon Communications (VZ) and AT&T (T) upped its 2014 EBITDA (earnings before interest, taxes, depreciation and amortization) forecast to $6.7 billion to $6.9 billion Scalper1 News

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