Archive for April, 2010

Sprint report $865m loss in Q1 2010: peg hopes on HTC EVO 4G

Sprint report $865m loss in Q1 2010: peg hopes on HTC EVO 4G

Sprint's first quarter 2010 financial results are out, and they don't make for happy reading if you're a shareholder of the carrier.  The company has reported net operating revenues of $8.1 billion, working out to a net loss of $865 million, while it's still haemorrhaging subscribers too: 75,000 net jumped ship in the three month period.  Still, Sprint are managing to make lemonade out of the numbers: that 75k loss, for instance, is a whopping 670,000 fewer than their disastrous Q1 2009 results, net revenues were up and they've still got $4.4bn in cash, cash equivalents and short-term investments.

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