Sprint (S) Stock Gains on Fiscal Fourth Quarter Subscriber Growth

NEW YORK (TheStreet) -- Shares of Sprint (S) were gaining 1.9% to $5.25 Tuesday after the mobile carrier maintained its position in the mobile industry in the fiscal fourth quarter.

Sprint added a total of 1.2 million new customers in the fourth quarter, up from a net loss of 383,000 subscribers in the year-ago quarter, and a net add of 967,000 customers in the fiscal third quarter. The 1.2 million new subscribers include 211,000 postpaid net subscribers, 546,000 prepaid subscribers, and 349,000 tablet subscribers.

The carrier ended the quarter with 57.1 million, above T-Mobile's (TMUS) last subscriber count of 56.8 million, making Sprint still the third largest mobile carrier in the U.S., according to CNet.

Sprint reported a loss of 6 cents a share for the fiscal fourth quarter, in line with analysts' estimates for the quarter. Revenue fell 6.7% year over year to $8.28 billion, below analysts' estimates of $8.46 billion for the quarter.

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