Sprint Announces Q2 2009 financial data




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Sprint hasn’t been doing as well as its executives and stockholders want it to over the last several years. The company has been losing subscribers and until the Pre didn’t have a strong handset to offer customers.

Sprint has announced its financial results for Q2 2009 and the most important thing to note is that Sprint posted a net loss of $384 million for the quarter on revenues of $8.1 billion. The amount of the loss works out to 13 cents per diluted share.

In addition to the significant loss, Sprint CEO Dan Hesse also said that the company lost about 250,000 customers over the quarter as well. I have to wonder how many of those left for AT&T to get their hands on the iPhone.

[via Sprint]

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