Sprint loses fewer-than-expected phone subscribers, shares rise [Reuters (UK)]
SentinelOne, Inc. Class A (S)
Last sentinelone, inc. class a earnings: 1/27 08:00 am
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Source: Reuters
Sprint loses fewer-than-expected phone subscribers, shares rise - Reuters 2 Min Read (Reuters) - Sprint Corp ( S.N ) on Friday reported fewer-than-expected losses in quarterly net phone subscribers who pay a monthly bill, as the U.S. wireless carrier’s cheaper plans helped it retain customers amid its pending merger with larger rival T-Mobile US ( TMUS.O ). The company said it lost a net 128,000 phone subscribers during the first quarter. Analysts were expecting a net loss of 150,000 subscribers, according to research firm FactSet. This helped the company post a smaller-than-expected loss and beat Wall Street estimates for revenue, sending its shares up 2.4% in trading before the bell. “... the business still faces several structural headwinds and I remain convinced the merger with T-Mobile is the best outcome for our customers, employees, industry and all stakeholders,” Sprint Chief Executive Officer Michel Combes said. Sprint and T-Mobile, the No. 4 and No. 3 U.S. wireless carri
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