NEW YORK (TheStreet) -- Sprint Corp. (S) - Get Report  shares are spiking by 2.79% to $2.95 on Monday afternoon, ahead of the company's third quarter fiscal 2015 earnings results. The company on Thursday said it will report results a week ahead of its originally scheduled date. 

In an effort to soothe investors' nerves, the company moved up its earnings release date to Tuesday before the opening bell. 

This action comes after shares dove last week on concerns about the company's turnaround plan. 

"We want to hear from them -- because the story is not that bad," said Wells Fargo analyst Jennifer Fritzsche, according to Bloomberg.

For the latest quarter, Wall Street is expecting the telecommunications company to post a loss of 25 cents a share on revenue of $8.22 billion.

Year-over-year, earnings are anticipated to decline. During the same period in 2014, the company reported a loss of 6 cents a share on revenue of $8.97 billion.  

Despite the earnings drop, analysts expect Sprint to have ended 2015 with its first full year of subscriber gains in eight years, Bloomberg reports. 

Additionally, Sprint also announced today that it has doubled its number of LTE Plus markets. The LTE Plus Network delivers faster download speeds than Verizon Communications (VZ), AT&T (T) and T-Mobile (TMUS).

Image placeholder title


data by