Sprint Sees Narrowed First-Quarter Loss but More Subscribers Leave

Shares of Sprint are climbing on Tuesday after the company reported a first quarter loss that narrowed from a year ago and revenue that came in line with expectations. Sprint reported a net income loss of $0.04 a share in the quarter, from a loss of $0.21 a share a year ago. Revenue rose to $8.88 billion, matching estimates, according to Thomson Reuters. The company reported a slight increase in churn rate and a net loss of 231,000 branded monthly subscribers in the quarter.