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What: Shares of Sprint Corporation (NYSE:S) rose more than 11% Tuesday after the company announced a encouraging first-quarter results.

So what: Quarterly operating revenue came in at $8.875 billion, which resulted in a net loss of of $151 million, or $0.04 per share. By comparison, Sprint recorded a much wider $0.21 per share net loss in the same year-ago period. Meanwhile, Sprint's adjusted EBITDA grew 22% over the same period to $1.84 billion.

Now what: At the same time, Sprint also reported a net loss of 383,000 Sprint platform subscribers, and that includes the net addition of roughly 516,000 tablet customers on the postpaid side. Sprint did, however, claim the net loss in overall postpaid customers was largely due to expected elevated churn from service disruptions related to its ongoing network overhaul. While not ideal, at least it gives investors some hope Sprint's profitable postpaid subscriber losses should eventually abate as the network overhaul winds down.

In the end, though I prefer to remain on the sidelines for now, that's why I think Sprint stock could very well continue rewarding patient investors from here.

Steve Symington and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.