Sprint Nextel (NYSE: S) Earnings Q1 2011

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View S Q1 Earnings Report

Highlights:

  • Achieved its best total company net wireless subscriber additions in five years; added more than 1.1 million total wireless net subscribers driven by best ever prepaid net subscriber additions of 846,000 and net postpaid subscriber additions of 310,000 for the Sprint brand.
  • Reported net operating revenues of approximately $8.3 billion, a 3 percent increase from the same quarter a year ago. Posted operating income of $259 million.
  • As of March 31, had approximately $4.0 billion in cash, cash equivalents and short-term investments after repayment of $1.65 billion of debt in the quarter.

Key statistics for S from Yahoo! Finance

Sprint Nextel's website

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