Sprint Corp. S a leading telecom operator in the U.S. providing wireless and wireline services to individuals, business enterprises and government agencies.Sprint finalized its cost cutting framework with the projection to save around $1 billion. The plan involves a few operational overhaul and layoffs.Sprint has been poaching the subscriber base of its rivals AT&T and Verizon in order to increase its own customer base. Recently, it offered lucrative credits to its rival carrier’s customers for switching to Sprint’s network. Additionally, it has been offering attractive device leasing plans to its customers.Sprint currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of 3.82% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:Earnings: Sprint incurs loss in Q4 of fiscal 2015. Net loss was wider than the Zacks Consensus Estimate. Our consensus estimate called for an adjusted net loss of 12 cents per share and the company reported adjusted net loss was 14 cents per share. Investors should note that these figures take out stock option expenses.Revenue: Sprint reported total revenue of $8,071 million which surpassed our estimate by $69 million.Key States to Note: In the reported quarter, Sprint added 56,000 retail postpaid connections. At fourth quarter end, the company had 30.951 million retail postpaid connections, up 4.2% year over year. Retail postpaid average revenue per user (ARPU) decreased 13.3% to $51.68 per month. In reported quarter, Sprint lost 264,000 net prepaid connections but gained 655,000 net wholesale connections.Stock Price: At the time of writing, the stock price of Sprint was up nearly 2.01% (7 cents) in the per-market trade on NYSE. Clearly the initial reaction to the release is positive. We believe that better-than-expected revenues and net gain of postpaid subscribers are the primary reasons for the initial positive stock price movement. Check back later for our full write up on this Sprint earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPRINT CORP (S): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research