US carriers Sprint fourth-quarter loss narrowed to 980 million U.S. dollars
According to foreign media reports, the U.S. carrier Sprint Nextel announced Wednesday its fourth-quarter 2009 performance report. Showed a profit, the company report a net loss narrowed to 9.8 billion U.S. dollars, a loss of 34 cents per share.
Sprint a year ago net loss of 1.6 billion U.S. dollars, a loss of 57 cents per share.Revenue fell 7% year on year to 7.87 billion U.S. dollars. Cash flow from 536 million U.S. dollars last year rose 24% to 666 million. Company’s net loss in the fourth quarter, a 6.9 million users. Analysts widely predicted a loss of 18 cents per share, during the Sprint revenue 8 billion U.S. dollars.
Sprint is expected in this year’s results, said, followed by the loss of paid subscribers to total users in 2010 will be the situation improved. Company expects capital spending this year will be up to 20 billion U.S. dollars.
