Sprint Nextel Corp. (S), the third-largest U.S. wireless carrier, reported first quarter 2011 results on April 28. Adjusted loss bettered the Zacks Consensus Estimate by 7 cents and was 14 cents narrower from the year-ago loss. Total revenue also improved from the year-ago quarter and surpassed the Zacks Consensus Estimate.
First Quarter Review
Sprint delivered improved results despite competitive pressure from its chief rivals AT&T Inc. (T) and Verizon Communications Inc. (VZ). Revenues
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