Sprint Nextel’s Q3 profits plummet, down 77%
By: Jonathan S. Geller | Nov 1st, 2007 at 12:02PM
This isn’t totally unexpected, no? Sprint Nextel’s earning came out, and they reported a 77% drop in profit, while also cutting forecasts for next year. They’ve lost the most subscribers this quarter since 2005, maybe longer. Their third-quarter net income turned out to be only $64M! How many customers did they lose exactly? 337,000, and that is "the most since it bought Nextel Communications Inc., amid complaints about dropped calls and poor reception." We guess they couldn’t get Gary out soon enough…
Thanks, to everyone that sent this in!
Related Posts
![AT&T doubles handset upgrade fee to $36 [updated]](http://www-bgr-com.vimg.net/wp-content/uploads/wp-post-thumbnail/3lLNMjwLJT2ZbFUVKxjqSCkGziUkgFGi.jpg)
Leave a Reply