Sprint Corp. (S) on Wednesday reported fiscal second-quarter net income of $196 million, after reporting a loss in the same period a year earlier.
The Overland Park, Kansas-based company said it had net income of 5 cents per share.
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The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The wireless carrier posted revenue of $8.43 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $7.98 billion.
Sprint shares have decreased nearly 3 percent since the beginning of the year. The stock has decreased 18 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on S at https://www.zacks.com/ap/S
