|
COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
LIZ CLAMAN, CNBC ANCHOR: Sprint-Nextel posted strong results for the third quarter in its first earnings release since the merger of Sprint and Nextel communications in August. Looking at the shares, though, they`re pulling back by about 2 1/3 percent or 56 cents to $23.09. Sprint-Nextel CFO Paul Saleh joins us now live from Kansas City, Missouri.
Good to have you, Mr. Saleh.
PAUL SALEH, CFO, SPRINT-NEXTEL: Hi there, Liz.
CLAMAN: Well, you reversed year ago losses, that`s terrific. You customer churn rate, albeit slightly, was lowered. That`s also good. Yet, you missed some street targets. Where was the weakness? Where, may I ask you, would you most like to see some improvement?
SALEH: Well, actually, we had very good result, as you pointed out. Considering the fact we closed our merger on August 12th, we were launching our new brand as of September the 1st. And we were integrating our businesses. So by posting revenue growth of $11 billion or 8 percent...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
