Sprint loss widens to $1.32 billion in Q4, subscriber growth slows despite climbing iPhone sales

Sprint loss widens to $1.32 billion in Q4, subscriber growth slows despite climbing iPhone sales:
The nation's No.3 wireless carrier Sprint (S) posted its holiday-quarter results on Thursday, narrowly beating Wall Street's earnings expectations. Analysts were expecting Sprint to report a loss of $0.46 per share for the fourth quarter on revenue of $8.92 billion. The numbers are now in, and Sprint lost $0.44 per share last quarter, or $1.32 billion, on sales totaling $9 billion. Sprint posted a $1.3 billion loss in the same quarter last year. Sprint said it sold 2.2 million iPhones during the holiday quarter. The carrier added 401,000 net postpaid subscribers in the fourth quarter of 2012, and net postpaid subscriber additions for the year came in at 605,000 including subscribers migrating from the Nextel network. Sprint shares were down 1.21% during Thursday's pre-market session. The carrier's full press release follows below.

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