UPDATE 3-Sprint loss shrinks on cost cuts, user gains; shares jump

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UPDATE 3-Sprint loss shrinks on cost cuts, user gains; shares jump
January 27, 2016 Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating profit, before earnings and taxes, for its fiscal year ending March, reversing its previous forecast of a loss. Sprint's plan to cut about $2 billion to $2.5 billion in costs is on track, executives said on an earnings call. The company reported cash and cash equivalents of $2.2... Source: http://www.cnbc.com/2016/01/26/reuters-america-update-3-sprint-loss-shrinks-on-cost-cuts-user-gains-shares-jump.html