Sprint Corp. (S) Tops Q4 EPS by 9c

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Sprint reports quarterly profit, appoints new CEO

May 2, 2018 4:36 PM EDT

By Sheila Dang and Vibhuti Sharma

(Reuters) - U.S. wireless carrier Sprint Corp (NYSE: S) on Wednesday posted net annual income for the first time in 11 years and named a new chief executive ahead of its proposed $26 billion merger with bigger rival T-Mobile US Inc (NASDAQ: TMUS).

Michel Combes, Sprint's chief financial officer, will take the top job on May 31, replacing CEO Marcelo Claure, who will... More