U.S. Markets open in 2 hrs 57 mins

Sprint: Fiscal 4Q Earnings Snapshot

OVERLAND PARK, Kan. (AP) _ Sprint Corp. (S) on Tuesday reported a fiscal fourth-quarter loss of $2.17 billion, after reporting a profit in the same period a year earlier.

The Overland Park, Kansas-based company said it had a loss of 53 cents per share. Losses, adjusted for asset impairment costs, were 4 cents per share.

The results fell short of Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The wireless carrier posted revenue of $8.44 billion in the period, which topped Street forecasts. Thirteen analysts surveyed by Zacks expected $8.17 billion.

For the year, the company reported a loss of $1.94 billion, or 48 cents per share, swinging to a loss in the period. Revenue was reported as $33.6 billion.

Sprint shares have declined 0.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.79, an increase of 10% in the last 12 months.


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