Sprint 2Q loss expands, revenue flat

Jul 30, 2013

Wireless carrier Sprint's second-quarter losses grew while revenue held steady in its first earnings report under majority owner SoftBank.

Third-ranked Sprint Corp. lost more than 2 million , primarily due to the shutdown of the Nextel network. But it gained 412,000 subscribers by buying U.S. Cellular's business in the Midwest in May.

Sprint had 53.6 million subscribers by June's end, down from 55.2 million in March.

Net losses grew to $1.6 billion, or 53 cents per share. It lost $1.4 billion, or 46 cents per share, a year ago.

Excluding unexpected charges related to the Nextel shutdown, the adjusted loss came to 31 cents per share.

Revenue rose to $8.88 billion from $8.84 billion.

Analysts polled by FactSet expected a 30 cents-per-share loss on revenue of $8.69 billion.

Explore further: Starbucks: Computer outage disrupts sales in US, Canada

Related Stories

Sprint posts big 4Q loss, revenue rises

Feb 07, 2013

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.

Pandora posts in-line 1Q loss, upbeat sales

May 23, 2013

(AP)—Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.

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.

Recommended for you

How smart are the mobile shoppers who use smartphones?

Apr 24, 2015

In the age of the smart phone, how smart are the mobile shoppers who use these almost ubiquitous devices? A study from South Korea published in the International Journal of Mobile Communications hopes to answer that questi ...

India's Infosys gives muted earnings, stock falls

Apr 24, 2015

Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.