Posted: July 29th, 2010.
Sprint has announced its quarterly results and very much like expected, the company has posted losses. The Sprint investors have lost $0.15 per share. However, these results have still beaten investor expectations that had estimated a quarterly revenue loss of $0.17 per share.
A large reason for the relatively improved results is being attributed to the success of the HTC EVO 4G smartphone. The Android handset was launched just days ahead of the launch of popular rival iPhone 4 and has seen significant sales though the launch has also been plagued by issues such as non-responsive touch screen and screen separation.
In its quarterly report, Sprint has also revealed that the company has added 136,000 post-paid accounts that are tied with a contract. The results have not affected the stock performance to a great extent. The New York Stock exchange has reported a modest rise of 021% of Sprint Nextel stocks (NYSE:S). The shares have however dropped 0.41% in the after-hours and is currently trading at 4.82.