[NEWS] ARTICLE: Sprint reports third quarter numbers, including a loss of $478 mil

[phillynews215]

On the heels of Verizon and AT&T reporting third quarter numbers, the ball is passed to Sprint.

Unfortunately, the quarter was a tough one for the nation's third largest wireless carrier, despite reporting the best net retail subscriber results in just over two years thanks to growth in the post-paid brand. Sprint reported a loss of $478 million, or 17 cents a share - slightly beyond analyst predictions of 15 cents a share, and higher than the $326 million reported in the same quarter last year.

Sprint lost 135,000 net retail customers in the third quarter and net wireless customers dropped by 545,000 (total net losses were 801,000 customers - 271,000 on CDMA and 530,000 on iDEN), bringing the total subscriber count to 48.3 million. Third quarter churn was 2.17 percent, an increase from 2.05 percent in the prior quarter and 2.15 percent in the third quarter of 2008. Post-paid ARPU (average revenue per user) has stayed steady at $56 for the past seven quarters, primarily due to the fixed nature of Sprint's Everything plans. Data revenue was at $16.25, while CDMA data revenue (excluding iDEN) increased to over $19.

Thanks to landing several hit devices, the introduction of Any Mobile, Anytime, and Sprint's Everything plans, it's thought that the company's numbers will improve as time goes on.

Source: Sprint










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[ppopper78]

With all the new incentives recently coming out, Sprint should be right in the black again for the 4th quarter.

[D/\SH]

“ Originally Posted by ppopper78 ”

With all the new incentives recently coming out, Sprint should be right in the black again for the 4th quarter.

not really cause look at what verizon and tmobile are doing... tmobile is gonna inch closer to passing sprint.... than att isnt losing anyone recently.... sprint might be the low dog soon

[GokuSS3]

“ Originally Posted by D/\SH ”

not really cause look at what verizon and tmobile are doing... tmobile is gonna inch closer to passing sprint.... than att isnt losing anyone recently.... sprint might be the low dog soon

Wait till T-mobile start to spread word about Everything Plus More plans an people find they can get a plan no contract and have any phone they want and not pay up front lol!!!!!! I know a hand full of people that have switched on off Sprint and I think the numbers will grow too !!!!

[D/\SH]

“ Originally Posted by GokuSS3 ”

Wait till T-mobile start to spread word about Everything Plus More plans an people find they can get a plan no contract and have any phone they want and not pay up front lol!!!!!! I know a hand full of people that have switched on off Sprint and I think the numbers will grow too !!!!

a stated above i feel the same way... project black will bring many customers t-mobiles way.... maby sprint shouldnt have been hard headed and sold to t-mobile when they had a chance too.... looks like they are trying to knock sprint out of the game.

[mzlady26]

Yea i agree with you Dash on sprint being the low do here soon. Numbers take time to fix and if they don't have the money to invest in the things that they are going to need for the company there is going to be a waiting issue, it takes time to heal from such a loss even for such a big company. They are going to have to make some changes and some good changes here soon or they are going to loose more customers.