Why Sprint (S) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Sprint  (S) are up 0.99% to $8.08 in early market trading after the company's first quarter revenue topped estimates.

The Kansas-based company posted a second quarter profit of $23 million, or 1 cent per share, versus a year ago loss of $1.6 billion, or -53 cents per share, while sales declined to $8.79 billion from $8.88 billion.  

Sprint beat analysts' expectations of a loss of 2 cents per share on $8.75 billion in revenue.

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Separately, Sprint is trying a social media-only strategy, letting subscribers buy a wireless plan that only connects to Facebook (FB), Twitter (TWTR), Instagram or Pinterest for about $12 or unlimited access to all four for $22, and an additional $5 for streaming of a music app of choice, the Wall Street Journal reports. 

S ChartS data by YCharts

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