Thomson ReutersFebruary 11, 2014 10:02
By Sinead Carew
NEW YORK (Reuters) - Sprint Corp <S.N> reported a smaller fourth-quarter loss than estimated and an unexpected increase in wireless subscribers, sending its shares up 7 percent in early trade.
The company, which is 80 percent owned by Japan's SoftBank Corp <9984.T>, said it added 58,000 net subscribers in the quarter compared with the average expectation for a loss of 83,500 subscribers from six analysts contacted by Reuters. Estimates ranged from a loss of 48,000 to a loss of 400,000.