Sprint-Nextel Loss Grows to 30 Cents Per Share
by Hugh Collins on Oct.27, 2010, under Towing
Sprint-Nextel Corp (S) reported a loss of 30 cents per share for the third quarter, compared with a loss of 17 cents per share in 2009.
Revenues rose 1% to $8.2 billion, the company said in a statement.
The increased loss was partly due to the company subsidizing customer upgrades to phones capable of working on its new network.
Sprint had “elevated subsidy levels as part of the…
Continue reading Sprint-Nextel Loss Grows to 30 Cents Per Share
Sprint-Nextel Loss Grows to 30 Cents Per Share originally appeared on DailyFinance on Wed, 27 Oct 2010 08:12:00.
Filed Under: Company News, Technology, Earnings, Media, Sprint Nextel Corp, Retail
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