Wireless carrier Sprint, which is currently the object of affections from both SoftBank and Dish Network, on Wednesday reported $29 million in operating profit on revenue of $8.8 billion.
That compares to an operating loss of $255 million in the year-ago quarter on a roughly similar revenue base. The company reported a net loss of $643 million, or 21 cents per share, compared to a net loss of $863 million, or 29 cents per share in the first quarter of 2012.
The No. 3 U.S. carrier said that 86 percent of Sprint-branded phone sales were smartphones and said it tallied more than 1.5 million iPhone sales in the quarter.
“This is a transformative year for Sprint and we’ve gotten off to a good start,” Sprint CEO Dan Hesse said in a statement.