Sprint fails to impress Wall Street with Q3 2010 earnings, still notches 644k net adds

Sprint certainly isn't out of the woods yet, but at least it's picking up customers from somewhere. The company's Q3 2010 earnings were ushered out today, and while its stock fell around ten percent on the news, a few silver linings were present. The carrier saw postpaid subscriber losses of 107,000, but that's an 87 percent improvement compared to Q3 2009. The CDMA network added approximately 276,000 postpaid customers during the quarter, 471,000 (net) prepaid subscribers and 644,000 total wireless subscribers from a net perspective. It also landed its second best postpaid churn result ever, but the bottom line still looks battered -- the operator announced a net loss of nearly a billion dollars ($911 million, if you're scouting specifics). Of course, phasing out iDEN should probably help things in the long run, but even its 4G advantage could quickly fade if (or more likely, when) Verizon gets its LTE act together next year.

Sprint fails to impress Wall Street with Q3 2010 earnings, still notches 644k net adds originally appeared on Engadget on Wed, 27 Oct 2010 19:43:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2010/10/27/sprint-fails-to-impress-wall-street-with-q3-2010-earnings-still/

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