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Sprint Quarterly Results Miss Forecasts, Shares Fall 7 Percent


Ron Burgundy
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A person walks by a Sprint store in PasadenaThe company, in the middle of a turnaround plan, also said it now expects fiscal 2015 adjusted EBITDA at the lower end of its previous forecast of between $7.2 billion and $7.6 billion. Sprint shares slid 7 percent to $4.51 in afternoon trading on the New York Stock Exchange. Under Chief Executive Marcelo Claure, the company rolled out half-priced offers, a hand-delivery service of new phones, new retail stores and the industry’s most-affordable iPhone 6 leasing plan at $1 per month to lure customers.




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