Sprint Nextel (S) Posts Q3 GAAP Loss of 26c/Share; Sees FY12 adj.-OBIDA Exceeding Outlook

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Go back to Sprint Nextel (S) Posts Q3 GAAP Loss of 26c/Share; Sees FY12 adj.-OBIDA Exceeding Outlook

Sprint (S) Slumps Following Q3 Results; Loses Subs for First Time in Over Two Years

October 25, 2012 10:53 AM EDT

Sprint (NYSE: S) shares are notably lower on the session after reporting third-quarter results earlier.

Revs rose 5.2 percent to $8.76 billion, from $8.33 billion in the same period last year. Net loss more than doubled to $767 million, or 26 cents per share. Adjusted OIBDA was $1.28 billion, from... More