Sprint Nextel's hot new phones are helping boost the number of subscribers for the first time in a long time. Even so, the company's second-quarter results were down.
For the quarter ended June 30, the wireless carrier reported a net loss of $760 million, compared with a loss of $384 million in the year-ago quarter. Sales dipped to $8.025 billion, a 1.4 percent decline from last year's $8.141 billlion.
On the plus side, Sprint added 111,000 new wireless subscribers for the quarter, its first signs of growth in three years and a welcome … Read more