- Associated Press - Wednesday, August 1, 2018

OVERLAND PARK, Kan. (AP) - Sprint Corp. (S) on Wednesday reported fiscal first-quarter profit of $176 million.

The Overland Park, Kansas-based company said it had net income of 4 cents per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The wireless carrier posted revenue of $8.13 billion in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $8.04 billion.

Sprint shares have decreased nearly 8 percent since the beginning of the year. The stock has decreased 32 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on S at https://www.zacks.com/ap/S

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