Sprint adds 501,000 net new postpaid customers for fiscal Q3, up 471,000 year-over-year

Sprint also showed showed some improvement in the field, where its LTE Plus tri-band signal beat out Verizon, AT&T and T-Mobile in data speed. That is according to crowd-sourced data from Nielsen Mobile Performance. LTE Plus is now available on select devices in over 150 markets. The company also confirmed yesterday that 2500 employees have been laid off.
"It’s clear from our quarterly results that we are making great progress on achieving our goals. Revenue has stabilized, costs are coming out faster than expected, postpaid phone net additions were the highest in three years, postpaid churn was the lowest-ever for a third quarter, and the network is performing at best-ever levels."- Marcelo Claure, CEO, Sprint
Sprint was originally scheduled to report its earnings next week, but CEO Marcelo Claure wanted to "set the record straight" after investors started dumping the stock amid talk of a network overhaul for the carrier. With $800 million in cost reductions booked so far in fiscal 2015, Sprint is set to lock in cost savings that exceed its target for the year.
Investors have responded to the report by buying the stock. Sprint's shares are currently up over 12% to $2.83.
source: Sprint