Thursday, July 28, 2011

Sprint Nextel Corp. (NYSE: S): Q2 2011 Earnings Roundup

Sprint Nextel Corp. (NYSE: S) reported Thursday that its second-quarter loss widened to $847 million, or 28 cents a share, from $760 million, or 25 cents a share, in the year-earlier quarter. Revenue rose 4% to $8.3 billion. Analysts, on average, expected the company to post a loss of 13 cents a share on revenue of $8.3 billion.

"Sprint's second quarter results, including our fourteenth consecutive quarter of improved customer care satisfaction, our best ever postpaid churn, more than 1 million net wireless subscriber additions and wireless service revenue growth, validate that our focus on providing simplicity, value and an unmatched customer experience is working," said Dan Hesse, Sprint CEO.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire