Sprint Nextel posts larger 1Q loss on slower sales but beats estimates and stock surges

KANSAS CITY, Mo. — Despite a widening net loss, Sprint Nextel Corp. finally got some good news in its long recovery Monday, as a big surge in “prepaid” customers offset another nightmarish drop in valuable subscribers who sign annual contracts.

Sprint Nextel posts larger 1Q loss on slower sales, charge, still beats view

KANSAS CITY, Mo. — Sprint Nextel Corp., the nation’s third-largest wireless service provider, on Monday reported a larger first-quarter loss on declining revenue and a charge for job cuts announced in January.

Sprint Nextel posts larger 1Q loss amid slower sales, charge for job cuts

KANSAS CITY, Mo. — Sprint Nextel Corp., the nation’s third-largest wireless service provider, on Monday reported a larger first-quarter loss on declining revenue and a charge for job cuts announced in January.