Sprint stock gains after Q1 results beat estimates

Telecommunications giant Sprint Corp. (S), which recently entered into a merger agreement with rival T-Mobile (TMUS), Wednesday said its first-quarter earnings declined after a slump in demand for services dragged revenues. The results, meanwhile, exceeded Wall Street estimates. The company posted net income of $176 million or $0.04 per share for the first quarter, continuing … Continue reading Sprint stock gains after Q1 results beat estimates