Sprint posts decline in third-quarter revenue

Wednesday, 30 Oct 2013 | 7:15 AM ET

Oct 30 (Reuters) - Sprint Corp posted a decline in third-quarter revenue on Wednesday as it lost more subscribers than expected following the shutdown of its older iDen network.

Sprint, the No. 3 U.S. mobile operator which is 80 percent owned by SoftBank, reported a profit of $383 million, compared with a loss of $767 million in the year-ago quarter, before Sprint's deal with SoftBank and its July purchase of Clearwire Corp. Revenue fell to $7.68 billion from $8.76 billion.