UPDATE: Sprint Nextel Reports Q2 Loss of $847M

Sprint Nextel Corp S released its results for the second quarter on Thursday. Sprint Nextel's posted a loss at $847 million, or $0.28 per share, versus a loss of $760 million, or $0.25 per share, in the year-earlier period. Its revenue surged 4% to $8.3 billion. Analysts were expecting a loss of $0.13 per share on revenue of $8.3 billion. Sprint Nextel shares gained 1.74% to $5.25 in pre-market trading.