Apr 24th, 2013: A quick snapshot of Sprint Nextel Corp. (S)'s top and bottom line results.
Q1 2013 Quarterly Results:
- Highlights: Adjusted Operating Income grows highest in 4 years despite significant business investments; Highest ever subscriber base reported; Net Operating Revenue declines.
- Revenue: Net Operating Revenue declined 2% from last year, coming in at $8.79B versus $9.00B. However, revenue targets were almost in line with the $8.71B expected by analysts.
(See Also: Is Sprint Nextel (S) Stock a Good Buy, Sell or Short in 2013?)
- Net Income: The Company reported Net Loss of $643M compared to a Net Loss last year of $863M.
- E/PS: Q1 2013 Diluted Loss per share was $0.21/share compared to Loss/share of $0.29 last year. Analysts were expecting a Net Loss per share of $0.32.
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MarketConsensus Stock Analysis Team
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