Despite its new CEO, Sprint continues to be an unmitigated disaster

%name Despite its new CEO, Sprint continues to be an unmitigated disaster by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

Sprint may have a new CEO, but it’s still putting out the same dismal quarterly earnings reports. In its fiscal Q2 2014 earnings released Monday, Sprint posted a net loss of $0.19 per share, or more than triple the consensus estimate of a loss of $0.06 per share. The company also missed badly on its revenue expectations as its quarterly revenues of $8.49 billion were less than the consensus estimate of $8.59 billion. Perhaps the most discouraging number for Sprint, however, was that it lost a total of 272,000 postpaid subscribers on the quarter even as rivals Verizon, T-Mobile and AT&T all posted impressive postpaid gains over the same period.

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Posted in Mobile.