Sprint reports $760 million net loss for Q2, slightly less than expected
7/29/2010 09:09:00 AM
kenmouse
, Posted in
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.
[Via Sprint]
[Via Sprint]
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