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Sprint Still Losing Money but Gaining Smartphone Subscribers

Sprint reported its fourth quarter earnings and while the company is still losing money, it is gaining subscribers. Investors are pleased with the results and the stock is moving higher in early trading. Sprint recorded its highest ever platform subscriber number and record smartphone sales for the quarter. Revenues were also up over last year. Sprint is still not making a profit with a net loss of $1 billion, however it is an improvement over last year's $1.3 billion loss.