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April 21, 1994


By CBR Staff Writer

Sprint Corp has reported first quarter net profits of $227.4m after a net gain of $22m on sale of Rochester Telephone Co shares, against a loss last time of $413.0m, which was after charges of $384.2m from the cumulative effect of an accounting change, a $12.3m loss from discontinued operations, $154m in charges arising from the acquisition of Centel Inc, and a $5.2m charge for early repayment of debt, on turnover that rose 11.6% at $3,033.2m. Net earnings per share were $0.65 in the quarter.

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