Sprint Nextel Corp. (S) Profits Rise 33 Pecent
Sprint Nextel Corp., the nation's third largest wireless carrier, said Wednesday that fourth-quarter profits rose 33 percent on stronger revenue, but the company continued to lose high-quality subscribers.
The company, based in Reston, Va., with operational headquarters in Overland Park, Kan., reported earning $261 million, or 9 cents per share, during the October-December period, compared with $195 million, or 7 cents per share, a year earlier.
The fourth quarter earnings were one penny better than that expected by analysts surveyed by Thomson Financial.
The company, based in Reston, Va., with operational headquarters in Overland Park, Kan., reported earning $261 million, or 9 cents per share, during the October-December period, compared with $195 million, or 7 cents per share, a year earlier.
The fourth quarter earnings were one penny better than that expected by analysts surveyed by Thomson Financial.
Labels: S, Sprint Nextel Corp.
posted by Stock Administrator @ 8:34 PM
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