Sprint has just unveiled its Q3 earnings report, and it's looking pretty bittersweet. According to the company, net operating revenues reached $8.3 billion during the quarter (about two percent higher than Q3 2010), while additions of new wireless net subscribers reached a five year high, with 1.3 million customers hopping onboard during Q3. Of those 1.3 million new subscribers, 304,000 were of the postpaid variety, 485,000 were prepaid and about 835,000 were wholesale. Sprint lost about 44,000 net postpaid customers this quarter, but that's a major improvement over last quarter, when a little over 100,000 jumped ship, and marks a 59 percent improvement over last year's report. At the same time, however, the carrier reported net losses of $301 million -- lower than Q2's figures, but not exactly encouraging, either. Check out the press release in full, after the break.
Sprint announces Q3 earnings: net subs reach five year high, net losses at $300 million originally appeared on Engadget on Wed, 26 Oct 2011 07:44:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments Tim Stevens 26 Oct, 2011--
Source: http://www.engadget.com/2011/10/26/sprint-announces-q3-earnings-net-subs-reach-five-year-high-net/
~
Manage subscription | Powered by rssforward.com
No comments:
Post a Comment