Why Sprint (S) Stock Is Spiking Today

NEW YORK (TheStreet) -- Sprint (S) stock is gaining Tuesday after the company reported a narrower-than-expected net loss and as revenue gained in its first quarter.

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. 

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 ChartS 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.

If you liked this article you might like

Investors Hungry for Yield Put Money Where Their Mouth Is in Sprint

Investors Hungry for Yield Put Money Where Their Mouth Is in Sprint

Verizon and Yahoo! Sports Bring Super Bowl LII to the Small Screen

Verizon and Yahoo! Sports Bring Super Bowl LII to the Small Screen

These Stocks Are Showing Resiliency Amid the Market Selloff

These Stocks Are Showing Resiliency Amid the Market Selloff

Stocks Slide and Amazon's Profit Soars - 5 Things You Must Know

Stocks Slide and Amazon's Profit Soars - 5 Things You Must Know

5 High-Growth Tech Stocks for 2018

5 High-Growth Tech Stocks for 2018