Monday, November 3, 2014

Sprint reports lower than expected fiscal Q2 earnings, slashes 2000 jobs

After Wall Street closed on Monday, Sprint reported lower earnings than expected for the fiscal second quarter (third calendar quarter). The company had a loss of 19 cents a share, much wider than the 6 cents a share of red ink that Wall Street analysts were expecting. Revenue also fell under expectations as Sprint reported top-line sales of $8.49 billion. That was lower than the $8.59 billion that the Street was looking for, but did top last year's revenue of $7.75 billion.



In a period where AT&T, T-Mobile and Verizon are constantly adding new post-paid customers, Sprint lost 272,000 ...



from PhoneArena - News http://ift.tt/1xUSSUE

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