Sprint swung to a third-quarter profit its first period under new ownership.
The company, which reports for the first time after the completion of the SoftBank takeover and Clearwire acquisition, posted a net profit of $383 million, compared with a year-earlier loss of $767 million. No per-share earnings/loss were provided because the new combined SoftBank/Sprint stock was issued part way through the quarter.
It posted an operating loss of $398 million, compared with $231 million a year ago.
The company's net operating revenue fell 2 percent to $8.68 billion.
Sprint is expected to get a shot … Read more