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Title: Sprint's Slow Jog to Recovery Post by: HCK on October 27, 2011, 11:00:49 pm Sprint's Slow Jog to Recovery
Sprint delivered third quarter earnings with a relatively nice surprise -- its losses were less than expected. Any good feeling from its numbers, however, was short-lived as Sprint went on to remind shareholders that it would be seeking capital -- as much as $7 billion -- to fund new handsets and a network upgrade. The net loss for the quarter was $301 million, down from $911 million a year ago. http://www.macnewsworld.com/rsstory/73609.html |