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Article: Sprint Nextel Reports Third Quarter 2009 Results.(Company overview)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Sprint Nextel Corp. (NYSE: S) reported third quarter 2009 financial results that included consolidated net operating revenues of $8.0 billion, a net loss of $478 million and a diluted loss per share of 17 cents. The company generated Free Cash Flow* of $664 million in the quarter and $2.1 billion year-to-date in 2009. As of September 30, 2009, the company had $5.9 billion in cash, cash equivalents and short-term investments and $1.6 billion in borrowing capacity available under its revolving bank credit facility, for total liquidity of $7.5 billion.
Sprint lost a total of 135,000 net retail subscribers in the quarter. The company's year-over-year post-paid gross ...