Sprint posts big 4Q loss, revenue rises

Feb 07, 2013 by Peter Svensson

Sprint Nextel, the country's third largest wireless carrier, says it lost $1.3 billion in its fourth quarter, about the same as a year ago, as it revamped its network for a comeback versus bigger competitors.

The Overland Park, Kan., company lost 44 cents per share in the October to December period versus 43 cents per share in the previous year.

The loss was slightly smaller than analysts had predicted. The average Wall Street forecast as polled by FactSet was 46 cents per share.

Revenue was $9 billion, up 3.2 percent from a year ago and slightly above of $8.9 billion.

Long-ailing Corp. has agreed to sell 70 percent of itself to . of Japan for $20 billion. That deal is expected to close this summer.

Explore further: Apple's freshly sliced shares climb

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sprint loss widens on Nextel, iPhone lifts sales

Apr 25, 2012

(AP) -- The impending shutdown of the Nextel network doubled Sprint Nextel Corp.'s loss in the first quarter, it said Wednesday, as it wrote down the value of the network and subscribers kept leaving it.

Sprint Nextel slows subscriber loss in 4th quarter

Feb 10, 2010

(AP) -- Sprint Nextel says its subscriber losses slowed in the fourth quarter, an encouraging sign for the wireless carrier that has lost millions of customers over the past few years.

Clearwire 1Q revenue drops from 4Q on Sprint deal

Apr 26, 2012

(AP) -- Clearwire Corp., which runs a wireless data network, on Thursday reported its first drop in quarter-over-quarter revenue, as a new deal with major customer Sprint Nextel Corp. kicked in.

Sprint gains contract subscribers in 4Q

Feb 10, 2011

(AP) -- Sprint Nextel Corp. said Thursday it managed to post a quarterly net gain of contract subscribers for the first time since 2007, as its turnaround continues.

AT&T gains customers in 4Q, posts big loss

Jan 24, 2013

(AP)—The launch of the iPhone 5 helped AT&T attract more new customers in the holiday quarter than it has in three years, but it posted a big loss because of an annual adjustment to its pension obligations.

Qualcomm 3Q results beat Wall Street estimates

Jul 20, 2011

(AP) -- Wireless chip-maker Qualcomm Inc.'s results for the latest quarter beat Wall Street's expectations, and its projections for the current quarter are also above analysts' estimates.

Recommended for you

Restaurants experimenting with pay-in-advance tickets

1 hour ago

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

3 hours ago

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

Apple's stock bounces back to hit a new high (Update)

7 hours ago

Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.

User comments : 0