Sprint Announces Third Quarter Results

Sprint has announced another quarter of results recently. Sprint kept up the customer increases, adding a total of 644,000 customers last quarter. 354,000 postpaid subscribers were added to the network, which are valued customers because they sign new two-year contracts. Sprint also did well in the prepaid department, gaining a total of 471,000 prepaid subscribers. A whopping 1.2 million of those customers are new to the CDMA network, but the total number of additions was dragged down by 700,000 prepaid customers leaving the iDen network. Although Sprint is gaining customers again, they lost an average of thirty cents per share this past quarter. The strong customer gains are good news, but the loss might be troubling to Sprint investors. (Sprint)

Sprint Posts Less Customer Losses and Increased Revenue

The future is looking bright(er) for Sprint lately, with improved customer losses and increased revenue compared with their last earnings report. Sprint saw an increase in revenue to eight billion dollars, and also saw less customer losses overall with 75,000 customers leaving. Less customers were lost because of the aggressive advertising of their prepaid customers, which boosted the total number of customers with Sprint service. Overall, not a bad first quarter for Sprint, especially with the HTC Evo coming this summer, along with a new Blackberry Bold. (Sprint)