NEW YORK (TheStreet) -- Sprint (S) shares are higher after beating on top and bottom line earnings expectations. TheStreet's Debra Borchardt is analyzing the report. 

The company reported a fourth quarter loss of 26 cents per share on revenue of $9.14 billion. This beat analysts' expectations for a loss of 37 cents per shares on revenue of $8.97 billion. 

She said the company reported a net loss of $1 billion for the quarter, which is lower than the $1.3 billion net loss in the same period one year ago. 

Sprint also reported a record amount of platform subscribers, with 53.9 million, as well as record smartphone sales of 5.6 million devices, Borchardt added. 

The company's fiscal 2013 revenue of $22.6 billion represents 5% growth, leading some to believe the company is actually turning its operations around. 

Borchardt concluded that CEO Dan Hesse was mum on any details regarding a merger with T-Mobile USA (TMUS). However, he did say that consolidation would be healthy for the industry. 

At last check, shares of Sprint were off the morning highs, but still positive by 3%. 

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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