Sprint Corp. logged a $111 million loss, or 3 cents share, for its fiscal first quarter ended June 30.
Revenue reached $8.14 billion, up from $8.13 billion a year ago. Operating expenses rose 5.2% to $7.69 billion. The company logged an interest expense of $619 million, which ate up $455 million in operating income and left the company with a $111 million loss. Sprint has $4.95 billion in cash and cash equivalents on its books.
Sprint added 262,000 data device customers, but shed 128,000 phone…
Sprint Corp. logged a $111 million loss, or 3 cents share, for its fiscal first quarter ended June 30.
Revenue reached $8.14 billion, up from $8.13 billion a year ago. Operating expenses rose 5.2% to $7.69 billion. The company logged an interest expense of $619 million, which ate up $455 million in operating income and left the company with a $111 million loss. Sprint has $4.95 billion in cash and cash equivalents on its books.
Sprint added 262,000 data device customers, but shed 128,000 phone…