Sprint Nextel posted a narrower third-quarter loss as customer growth improved ahead of the company getting the Apple iPhone.
The country's third-largest wireless provider reported a third-quarter loss of $301 million, or 10 cents a share, narrower than its year-earlier loss of $911 million, or 30 cents a share. Revenue rose 2 percent to $8.33 billion.
Wall Street analysts, on average, had expected the company to lose 22 cents a share on revenue of $8.38 billion, according to Thomson Reuters.
More importantly, Sprint kept pace on its path to winning back its most valuable customers. The company … Read more