Sprint's PCS, FON Groups Both Beat Analysts' 3Q Estimates

Sprint's operating companies both reported earnings that beat analysts' expectations by a penny for the third quarter.

Sprint FON(FON Quote) group's third-quarter revenue rose 2.4% in the quarter to $4.40 billion from $4.30 billion. Normalized earnings of 47 cents a share fell from 48 cents a share in the third quarter a year ago, but Wall Street was expecting the company to earn 46 cents for the period, according to a First Call/Thomson Financial survey of 15 analysts. Earnings from core operations from the Sprint FON group rose to 67 cents a diluted share in the quarter from 59 cents.

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