Summary Box: Sprint’s third-quarter results

Question of the Day

Should Congress make English the official language of the U.S.?

View results

WHAT’S WORKING: Sprint Nextel Corp. posted third-quarter revenue that was up slightly from a year ago, an improvement after years of losses. It also posted a net subscriber gain for the second straight quarter, also a reversal of a long trend.

WHAT ISN’T: Sprint’s net loss widened, due to tax effects and the subsidies it pays for smart phones, which are a big part of the reason its subscriber trends are improving. It’s also saddled with supporting three different networks, pushing up its costs.

INVESTOR REACTION: Sprint shares dived Wednesday, giving up two months of gains.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks