Earnings Preview: Sprint Nextel To Give 1Q Results
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KANSAS CITY, Mo. (AP) — Sprint Nextel Corp. is scheduled to report first-quarter results Monday morning. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: Sprint Nextel, the country's third-largest telecommunications company, is still looking for the corner-turning moment when its troubled operation can claim it's headed back to being truly competitive in the wireless space. Its shares have been up so far this year but are still half their 52-week high of $9.94.
Since purchasing Nextel Communications Inc. in 2005, the Overland Park, Kan.-based company has struggled with technical, operational and marketing mistakes that have handicapped its ability to compete with market leaders AT&T Inc. and Verizon Wireless in attracting and retaining customers. ...
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