For pople who dont understand Bussiness
Sprint did have a loss of revenue, but they still posted a profit.
"Sprint reported over 1.6 billion U.S. dollars loss in the last quarter of 2008. According to Sprint, its 4th-quarter loss in 2008 equaled to 57cents/share, definitely better than its reported $29.3 billion loss in 2005 due to its Nextel acquisition. The business analysts anticipated more or less $8.55 billion profit for 2008, Sprint reported $8.4 billion. Not bad, huh!
As stated by Sprint, the loss was a result of subscriber losses. The company served 49.3 million customers at the end of 2008 compared to 53.8 million at the end of 2007, a net decline of 1.3 million. Post-paid consumers increased from 79 percent in 2007 to 84 percent in 2008
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"Sprint reported over 1.6 billion U.S. dollars loss in the last quarter of 2008. According to Sprint, its 4th-quarter loss in 2008 equaled to 57cents/share, definitely better than its reported $29.3 billion loss in 2005 due to its Nextel acquisition. The business analysts anticipated more or less $8.55 billion profit for 2008, Sprint reported $8.4 billion. Not bad, huh!
As stated by Sprint, the loss was a result of subscriber losses. The company served 49.3 million customers at the end of 2008 compared to 53.8 million at the end of 2007, a net decline of 1.3 million. Post-paid consumers increased from 79 percent in 2007 to 84 percent in 2008
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