Reuters logo
Sprint posts wider quarterly loss
October 25, 2012 / 11:10 AM / 5 years ago

Sprint posts wider quarterly loss

Oct 25 (Reuters) - Sprint Nextel Corp posted a wider loss in the third quarter as it spent heavily on a network upgrade and lost customers from its iDen network, which it is shutting down.

Sprint, which has agreed to sell a controlling stake to Japan’s Softbank Corp for $20 billion, posted a loss of $767 million or 26 cents per share compared with a loss of $301 million or 10 cents per share in the third-quarter a year ago.

Net operating revenue rose to $8.76 billion from $8.33 billion in the year-ago quarter and compared with Wall Street expectations for $8.8 billion, according to Thomson Reuters I/B/E/S.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below