Sprint Nextel Tops Estimates, Still Reports Loss

Sprint Nextel (NYSE: S) announced its results for the third quarter on October 26, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
Sprint Nextel's EPS outpaced analyst estimates while the company's revenues came in below predictions. The company reported a loss of 10 cents/share versus the loss of 22 cents/share estimate and revenues of $8.33 billion versus the $8.38 billion estimate. EPS rose from a loss of 30 cents/share in the year-ago quarter while revenue climbed 2.2%.
Sprint Nextel's revenue has grown during each of the past four quarters on a year-over-year basis.

Income:
For the year, Sprint Nextel reported net loss of 60 cents/share. Despite reporting a loss, the company still managed to beat analyst estimates of a loss of 79 cents/share.

Conference Call:
The conference call for third quarter earnings can be accessed here.

Official Comment:
"Sprint's focus on creating the best customer experience with simple, unlimited plans and innovative products and services continues to strengthen our brand and drive positive results," said Dan Hesse, Sprint CEO. "We are adding to our customer base, our ARPU is increasing, and as a result our wireless revenues are growing."

Industry:
With price/earnings growth of 1.7%, Sprint Nextel's industry, diversified communications systems, is expanding.

What to Do Next:
Now that you've gotten a round up of Sprint Nextel's latest numbers, you can make a better-informed decision about whether to buy, sell, or hold those shares. Whatever you do, be sure to visit us before the company's next earnings release for a full preview.

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