Sprint Nextel Corp. (S) Tops Q1 EPS by 7c; Adds 732K Retail Subs

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Sprint Nextel Corp. (NYSE: S) reported Q1 EPS of ($0.15), $0.07 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $8.31 billion versus the consensus estimate of $8.19 billion.

For the quarter, Sprint added more than 1.1 million net wireless customers including net additions of 732,000 retail subscribers and net additions of 389,000 wholesale and affiliate subscribers.

Sprint lost approximately 114,000 net postpaid subscribers during the quarter, a net improvement of 464,000, or 80 percent, compared to the first quarter of 2010.

Wireless postpaid ARPU increased year-over-year and sequentially from $55 to $56.

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