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Sprint Tops Estimates as More Customers Embrace Smartphones
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Sprint Nextel Corp., the third-largest U.S. wireless carrier, reported higher revenue and a slightly narrower loss than analysts had estimated, bolstered by increased use of smartphones.
The fourth-quarter net loss was 44 cents a share, Overland Park, Kansas-based Sprint said today in a statement. Analysts had predicted 45 cents on average, according to data compiled by Bloomberg. Sales rose to $9.01 billion, compared with an average estimate of $8.93 billion.