Sprint Nextel’s CEO, Dan Hesse confounded analyst expectations by losing fewer customers than expected in 2Q’10. Hess attributed his company’s retention rates to the rollout of the EVO smartphone. The US’s third largest telecommunications company did…
Sprint Nextel’s CEO, Dan Hesse confounded analyst expectations by losing fewer customers than expected in 2Q’10. Hess attributed his company’s retention rates to the rollout of the EVO smartphone. The US’s third largest telecommunications company did warn investors that future growth might be confounded by a lack of supply for the EVO phone. Sprint markets the EVO against the iPhone which is supplied by Verizon and AT&T. “The supply issues on the EVO are a big deal because it could have a significant impact on mitigating the iPhone impact,” if it were more plentiful, Hesse claimed in a conference call.
Sprint shares finished up 0.21%, having pared gains of as much as 8% in early trading. Sprint shares have risen 16% since early July.
