Today is Thursday, 9th September 2010

Sprint reports $760 million net loss for Q2, slightly less than expected


Well, it looks like Verizon has a bit of company at the negative end of the earnings spectrum — Sprint has now also reported a loss for the second quarter, although it’s a slightly smaller one than expected. Specifically, the company posted a $760 million net loss for the quarter that’s just ended, or 15 cents a share, which isn’t exactly great, but is better than the 17 cent loss analysts had predicted. That gain is at least partly attributed to strong sales of the HTC EVO 4G , and by the company’s best ever year-over-year improvement in net postpaid subscribers, which helped boost the number of wireless subscribers by 110,000 (for a total 48.2 million customers). Looking for some more hard numbers There’s plenty to keep you busy at the link below. Sprint reports $760 million net loss for Q2, slightly less than expected originally appeared on Engadget on Wed, 28 Jul 2010 15:57:00 EDT. Please see our terms for use of feeds . Permalink    |  Sprint , SFGate  |  Email this  |  Comments

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Sprint reports $760 million net loss for Q2, slightly less than expected


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