This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sprint Narrows Loss, Sees Stronger 2010

(Sprint earnings report article updated with stock price movement.)

OVERLAND PARK, Kan. ( TheStreet) -- Sprint Nextel (S) narrowed its losses in the fourth quarter and expects that both post-paid and total subscriber losses will improve in 2010 from 2009 -- still, investors remain unimpressed Wednesday.

Sprint Nextel expects full-year capital expenditures in 2010 to be up to $2 billion. In addition, the company expects to continue to generate positive free cash flow during 2010. Sprint 4G is now available in 27 markets serving more than 30 million people and is expected to cover up to 120 million people by the end of 2010.

Sprint reported a fourth-quarter loss of $980 million, or 34 cents a share, compared with a year-earlier loss of $1.6 billion, or 57 cents. Net operating revenue in the quarter was $7.9 billion vs. $8.4 billion the previous year.

Analysts surveyed by Thomson Reuters expected a loss of 19 cents a share on revenue of $8 billion.

For the fourth quarter, net post-paid subscriber losses improved by almost 300,000 sequentially and by more than 600,000 year-over-year.

Nevertheless, investors seem less than overwhelmed, as they apparently are waiting for the company to return to profitability. Sprint stock has plunged 8.8% to $3.33 in midday trading.

-- Reported by Andrea Tse in New York

>>See our new stock quote page.

Follow on Twitter and become a fan on Facebook.
Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
S $3.45 -0.58%
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs