Sprint Posts Quarterly Profit Of $23 Mln - Quick Facts

(RTTNews) - Sprint Corp. (S) reported operating results for the first fiscal quarter of 2014, including net income of $23 million, the best performance in almost seven years when excluding the non-cash transaction-related impacts from last year. On a per share basis, net income for the latest-quarter was $0.01.

Consolidated operating income for the quarter was $519 million, the highest in more than seven years. Net Operating Revenues for the recent quarter was $8.789 billion.

The company continues to expect calendar 2014 Adjusted EBITDA to be between $6.7 billion and $6.9 billion.

Sprint, which merged with Japan's Softbank Corp. (SFTBF.PK, SFTBY.PK) in 2013, had changed its fiscal year end to March 31.