Sprint Nextel Reports Third Quarter 2011 Results, Continues Turnaround

Sprint Nextel generated net operating revenues of $8.3 billion for Q3, 2011. The company added nearly 1.3 million wireless subscribers, its best ever in  over five years.

Apple’s iPhone 4S and iPhone 4 were fuelling growth, said Sprint, though customer acquisitions over these phones will start showing up in the earnings of the following quarter only. The launch of these phones resulted in Sprint’s best ever day of sales in retail, web and telesales for a device family in Sprint history, said Sprint.

Overall, the company reported operating incomes of $208 million, a net loss of $301 million and a diluted loss of 10 cents per share for the quarter. This compares to an operating loss of $213 million, a net loss of $911 million and a diluted loss of 30 cents per share, in the third quarter of 2010.

(Dan Hesse, CEO, Sprint ):  We are adding to our customer base, our ARPU is increasing, and as a result our wireless revenues are growing.

You can find the company’s quarterly earnings statements here.

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