Sprint misses Street 2Q forecasts

OVERLAND PARK, Kan. (AP) _ Sprint Corp. (S) on Monday reported a fiscal second-quarter loss of $765 million.

On a per-share basis, the Overland Park, Kansas-based company said it had a loss of 19 cents.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The wireless carrier posted revenue of $8.49 billion in the period, which also missed Street forecasts. Analysts expected $8.65 billion, according to Zacks.

Sprint shares have decreased 42 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.20, a drop of nearly 10 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. S stock research report from Zacks.

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Keywords:Sprint,Earnings Report

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