Wednesday, October 26, 2011

Sprint reports smaller loss than usual in Q3 earnings

Sprint reports smaller loss than usual in Q3 earnings

. Sprint just released earnings for Q3, and while the company managed to add their best ever amount of net new wireless subscribers - 1.3 million - Sprint still lost 44,000 subs. Sprint's postpaid ARPU has grown by $1 sequentially and $3 year-over-year as well. Sprint still didn't make money this quarter, though, with a reported net loss of $301 million, down from a net loss of $911 million one year ago. Investors were looking to see a number north of around $-0.22 a share, and Sprint's diluted loss for the quarter came in at $-0.10 a share.

Boy Genius Report, Sprint reports smaller loss than usual in Q3 earnings