Sprint Nextel (NYSE:S) reported a Q1 loss of $0.29 per share, beating estimates for a loss of $0.41.
The company reported net operating revenues of $8.73 billion, vs. estimates of $8.7 billion.
Dan Hesse, Sprint CEO commented on the earnings, “The continuing revenue growth on the Sprint platform, which represents the future of our company, driven by record ARPU improvement and strong net subscriber growth, contributed to our Adjusted OIBDA performance of $1.2 billion. The value and simplicity of our unlimited data, talk and text plans, combined with an unsurpassed customer experience and our increasingly robust device portfolio make for a strong combination.”
Currently, the company is trading almost a half a percent lower to $2.46 on the news.