Sprint Nextel narrowed its losses in the fourth quarter of 2009 as fewer customers dumped its service, but the company brought in less revenue than anticipated.
The company posted a loss of $980 million or 34 cents per share during the three-month period that ended December 31. This is compared to a loss of $1.6 billion, or 57 cents per share, during the same quarter a year ago.
Revenue was down to $7.87 billion from $8.43 billion during the fourth quarter of 2009. Analysts had expected the company to generate about $8.03 billion in revenue, according … Read more