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Source: news.yahoo.com --- 1 day ago
AP - Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs. ... Source: money.cnn.com --- 1 day ago
Read full story for latest details. ... Source: www.nytimes.com --- 1 day ago
The wireless carrier reported a first-quarter loss of $505 million as the company lost more than a million subscribers and absorbed charges for severance and other costs. ... Source: enews.earthlink.net --- 3 hours ago
RESTON, Va. - Dan Hesse, chief executive officer at Sprint Nextel Corp. for less than five months, faced tough questions Tuesday about the company's continued trouble keeping wireless subscribers. ... Source: www.washingtonpost.com --- 1 day ago
KANSAS CITY, Mo. -- Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs. ... Source: hosted.ap.org --- 1 day ago
... Source: www.reportonbusiness.com --- 1 day ago
Defections of high-value customers reduced revenue and widened its loss ... Source: triangle.bizjournals.com --- 1 day ago
Sprint Nextel Corp on Monday reported a first quarter loss of $505 million, more than double the $211 million lost in the same quarter last year, as earnings were hit by an exodus of wireless customers and a series of charges related to job cuts and the pending merger of the company's wireless business with Clearwire. (S) ... Source: technology.canoe.ca --- 17 hours ago
OVERLAND PARK, Kan. - Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than one million subscribers and it absorbed charges for severance and other costs. ...
Source: www.mobileburn.com --- 4 hours ago
Sprint Nextel has published its Q1 2008 reports, showing an 8% decrease in net operating revenues versus Q1 2007. The carrier also lost just over 1 million subscribers, with nearly all of them being post-paid accounts. Read the full story here. ... Source: www.moreover.com --- 1 day ago
SiliconValley.com May 12 2008 12:41PM GMT ...
Source: www.king5.com --- 1 day ago
Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs. ... Source: www.stockworld.de --- 2 hours ago
Reston (aktiencheck.de AG) - Die Sprint Nextel Corp. (ISIN US8520611000 / WKN 857165), der drittgrößte Mobilfunkbetreiber in den USA, gab am Montag bekannt, dass sie im ersten Quartal einen deutlich grö. ... Source: www.ad-hoc-news.de --- 2 hours ago
Düsseldorf (ots) - Die mögliche Milliardenübernahme des amerikanischen Netzbetreibers Sprint Nextel durch die Deutsche Telekom wird in Fachkreisen als äußerst riskant eingestuft. Frank Rothauge, Analyst des Bankhauses Sal. Oppenheim, riet im Gespräch mit der in Düsseldorf erscheinenden Rheinischen Post (Mittwochausgabe) von einem ... ... Source: www.postbulletin.com --- 7 hours ago
KANSAS CITY, Mo. -- Sprint Nextel Corp.'s Dan Hesse had little good news to share Monday on the eve of addressing his first shareholder meeting as chief executive of the troubled wireless carrier. Overland Park, Kan.-based Sprint rep ... Source: www.topix.com --- 13 hours ago
Clearwire Corp., which is merging its wireless broadband unit with that of Sprint Nextel Corp. via Forbes ... Source: www.topix.com --- 5 hours ago
"As expected, our wireless business delivered weak financial results" Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs. via Albany Times Union ... Source: www.topix.com --- 10 hours ago
"Serious questions remain about penetration through walls and windows" Dismiss Posted at 12:00 AM PT on May 7, 2008 Those on-again, off-again talks between Sprint and Clearwire ? They're on again. via All Things Digital ... Find more search results for Sprint Nextel on RSSMicro.com |
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Sprint Nextel subscribers continue to jump ship, as the company's sales decline and losses widen.
The company has been struggling for several quarters as customers have complained of poor service, especially from its Nextel division . Sprint bought Nextel for $35 billion in 2005, and the merger has largely been ... ...
Filed under: Earnings reports , Forecasts , Bad news , Consumer experience , Sprint Nextel Corp (S) , Economic data Shares of wireless carrier Sprint Nextel Corp . (NYSE: S ) are plunging after the company reported a large first quarter loss this morning. The company posted stronger-than-expected adjusted earnings, but this was not enough to reassure investors who pushed the stock down more than 3%. Sprint Nextel posted a quarterly loss of $505 million, or 18 cents per share, compared with a loss of $211 million, or 7 cents, in the same period a year ago. Its quarterly numbers were dragged down by losses of more than 1 million subscribers and severance charges. However, excluding one-time charges, the company would have earned 4 cents. Analysts had expected earnings on that basis of only 2 cents per share, according to Thomson Financial. Revenue tumbled 7.5% to $9.3 billion, well below expectations of $9.4 billion. The company said that its total subscribers number dropped by 1.09 million to 52.8 million, including 1.07 million post-paid customers. This was actually a good news since the company anticipated a loss of 1.07 million post-paid customers. Sprint still expects further challenging times but, on the other side of the coin, the company is "making progress in methodically attacking the sources of our performance issues." The wireless carrier had a difficult 2007, but has shown signs of recovery since the b ...