Sprint (S) Earnings: Customers Go On Vacation, Won't Return
Sprint (S) had another dismal quarter. Revenue fell 12% to $8.8 billion. Its net loss was $326 million compared with a $64 million profit.
The company served 50.5 million customers at the end of the period, down from 54.0 million at the end of the third quarter of 2007. For the quarter, total wireless customers declined by a net 1.3 million.
Nothing else Sprint had to say mattered. It can’t stay in business without customers.
Douglas A. McIntyre