Sprint Nextel suffers major losses

U.S.: Sprint Nextel quarterly loss of $ 760 million

In brief: Sprint Nextel is in a very difficult financial situation, investors have expressed the need for urgent action.

U.S. cellular operator Sprint Nextel has noticed a larger loss for the second quarter with $ 384 million, or 13 cents a share a year earlier to $ 760 million, or 25 cents per share.

Sprint Nextel revenue for the period decreased from $ 8.141 billion to $ 8.025 billion at the average analysts’ forecast of $ 8.027 billion at the same time, in the period under review the company lost 228,000 contract subscribers, while analysts on average had expected 355,000.

Anrey Torbinski
2010-07-28 12:37, Economics.

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