05-02-2015 17:53 via news.yahoo.com

Sprint's revenue beats estimates as price cuts draw subscribers

Sprint Corp's quarterly revenue fell less than expected as the U.S. mobile provider attracted more subscribers by cutting prices and offering promotions, driving its shares up more than 6 percent on Thursday. With its turnaround plan underway, Sprint managed to add 892,000 total wireless subscribers in the three months ended Dec. 31, well above Wall Street analysts' estimate of 790,000. Wireless carriers have been going after each others' subscribers with discounts and attractive plans as they t
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