KANSAS CITY, Mo. (AP) -- Sprint Nextel Corp., the nation's third largest wireless service provider, says it had a larger first-quarter loss on declining revenue, continuing customer losses and a charge for job cuts announced in January.
The Overland Park, Kan.-based company said Monday it lost $594 million, or 21 cents per share, during the three months ending March 31. That compares with a loss of $505 million, or 18 cents per share, a year ago.
Not including one-time items, Sprint says it would have lost 3 cents - a penny less than analysts had expected.
It says revenue declined 12 percent to $8.21 billion - slightly below the $8.28 billion analysts expected.
Sprint says it lost a net of 182,000 subscribers.