Sprint (S) Stock Sinks in After-Hours Trading After Earnings Miss

NEW YORK (TheStreet) -- Shares of Sprint (S) were falling 5.8% to $5.84 after-hours Monday after the carrier missed analysts' estimates for earnings and revenue for the fiscal second quarter.

The mobile carrier reported a loss of 19 cents a share for the second quarter, below analysts' estimates of a loss of 6 cents a share for the quarter. The company reported revenue of $8.49 billion for the quarter, while analysts surveyed by Thomson Reuters expected revenue of $8.59 billion.

The carrier added 590,000 subscribers in the quarter due to 827,000 wholesale net additions and 35,000 prepaid net additions. Sprint reported postpaid net losses of 272,000 for the second quarter. The carrier ended the quarter with 55 million connections.

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Sprint also announced it will cut 2,000 jobs.

S Chart S data by YCharts

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