By late morning, shares had gained 11.2% to $8.26.
The mobile carrier, the third-largest in the U.S., reported a net loss of 4 cents a share over the three months to March. Analysts surveyed by Thomson Reuters had forecast a loss of 9 cents a share. In the year-ago quarter, Sprint lost 21 cents a share.
Revenue of $8.88 billion exceeded expectations of $8.79 billion.Must Read: Warren Buffett's 10 Favorite Growth Stocks SELL NOW: If you own any of the 900 stocks that TheStreet Quant Ratings has identified as a 'Sell'...you could potentially lose EVERYTHING in the next 6-12 months. Learn more. S data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts