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Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...

Sprint Nextel continues losing customers, money in Q3

Sprint Nextel Corp. (NYSE: S) has been on a roll lately. The third-largest wireless carrier in the U.S. has been releasing a whole crop of new cutting-edge phones, has improved its customer service and seems to be on the way to a recovery. Well, everything but that last part.

Sprint Nextel, yet again, lost hundreds of thousands of customers in its most recent quarter in spite or marked improvements throughout its business.

Continue reading Sprint Nextel continues losing customers, money in Q3

RadioShack goes mobile, beats estimates

It's extremely tough to survive in the retail consumer electronics space, especially with competitors like Best Buy (NYSE: BBY) and Wal-Mart (NYSE: WMT). Yet, RadioShack (NYSE: RSH) continues to find ways push ahead.

Today, the company released its Q3 report. Revenues came in at $990 million, which was a nice beat on the Wall Street consensus (about $962 million). Net income was $37.4 million, or $0.30 per share, which compares to last year's earnings of $49.1 million, or $0.38 per share. Keep in mind that the company has increased spending on branding (for its new positioning as "The Shack," which appears to be getting traction).

Continue reading RadioShack goes mobile, beats estimates

AT&T earnings preview: A profitable Q3?

at&t technical analysisDallas-based AT&T Inc. (NYSE: T), the exclusive U.S. carrier for the iPhone, is scheduled to discuss its third quarter 2009 financial results in a conference call Thursday at 10:00 AM ET. You can catch the live webcast of the call on the company's website.

During the three months that ended in September, AT&T revamped many of its retail locations, expanded its global wi-fi presence, and declared a quarterly dividend. Analysts surveyed by Thomson Reuters expect this leading provider of wireline voice communications services in the U.S. to report that earnings grew 6.0% from a year ago to $0.50 per share. But revenue for the quarter is expected to be 1.5% lower to $30.9 billion.

Continue reading AT&T earnings preview: A profitable Q3?

Deutsche Telekom CEO: No interest in acquiring Sprint Nextel

After more than a year of speculation, it seems that German telecom giant Deutsche Telekom will not buy U.S.-based wireless giant Sprint Nextel Corp. (NYSE: S). Deutsche Telekom CFO Timotheus Hoettges indicated that the American wireless competitive landscape had consolidated enough, and the control that the four largest wireless carries in the U.S. have wouldn't make a purchase wise.

Hoettges was quoted as saying, "There are four national players in the U.S. market for 300 million households, while in Europe, where we have 350 million households, there are 50 to 70 operators." It's pretty clear that he thinks the U.S. wireless market is controlled by an oligopoly of operators, which seem to move in tandem with each other in terms of price control and roll out of new technology. Do the "large four" -- Verizon (NYSE: VZ)Wireless, AT&T (NYSE: T), Sprint Nextel, and T-Mobile USA -- move in lockstep with each other for the most part to not give any of the competition a large advantage?

Continue reading Deutsche Telekom CEO: No interest in acquiring Sprint Nextel

Sprint Nextel and Virgin Mobile settle lawsuits over upcoming acquisition

Sprint Nextel Corp. (NYSE: S) will be purchasing the prepaid wireless carrier Virgin Mobile USA soon, and the last legal hurdle preventing the finalization of that acquisition seems to be history. Sprint Nextel will settle all the outstanding class-action lawsuits -- many of which see Virgin Mobile's $483 million price tag as undervaluing the company.

So, Sprint will become the leader of value wireless as a result sometime later this year. It already provides the most value-conscious contract wireless customers with values you won't find on any other carrier, like free and unlimited calling at any time to any wireless subscriber in the U.S. on certain plans. Combine that with its Boost Mobile prepaid brand and its $50 "all you can eat" plan, and Virgin Mobile's large customer base, and Sprint's resurgence under CEO Dan Hesse is being built on value more than anything.

Continue reading Sprint Nextel and Virgin Mobile settle lawsuits over upcoming acquisition

Clearwire eases pressure on Sprint Nextel, says CEO Hesse

Clearwire Corp.'s (NASDAQ: CLWR) may be able to relieve some pressure on Sprint Nextel Corp.'s (NYSE: S) national wireless network, according to Sprint CEO Dan Hesse. Although Sprint's existing 3G network is touted to be one of the most reliable in the U.S., moving customers to a more efficient and faster 4G network -- like the ones Clearwire continues to launch -- de-stresses Sprint's existing network.

Continue reading Clearwire eases pressure on Sprint Nextel, says CEO Hesse

Sprint Nextel offers unlimited free calling to any mobile phone in the U.S.

Sprint Nextel Corp. (NYSE: S) sent a letter to its Everything Data customers recently informing them that they could now call any mobile phone number in the U.S. -- at any time -- for free.

Sprint's new Any Mobile, Anytime calling plan gives those customers with at least a $70/month bill this new capability.

Continue reading Sprint Nextel offers unlimited free calling to any mobile phone in the U.S.

Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely

Sprint Nextel Corp. (NYSE: S) was just rumored to be under the takeover auspices of European telecom giant Deutsche Telekom. DT has been rumored to be looking strongly at Sprint Nextel to bolster its T-Mobile USA brand in the U.S. But now, that deal appears unlikely according to Thomas Weisel analyst James Breen.

Continue reading Sprint Nextel gets downgraded as Deutsche Telekom deal becomes more unlikely

Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...

Analyst upgrades:

  • Deutsche Bank upgraded Garmin (NASDAQ: GRMN) to Hold from Sell as it believes the company's second half of 2009 is tracking better than expected due to retailer restocking. Deutsche raised its target on shares to $33 from $15 but thinks Garmin's long-term trends remain unfavorable.
  • Goldman upgraded Fortune Brands (NYSE: FO) to Buy from Neutral citing potential EPS improvement driven by the Home division. Fortune Brands price target to $49 from $45. Note that the firm downgraded General Mills to Neutral from Buy.
  • Oppenheimer upgraded FPIC Insurance (NASDAQ: FPIC) to Outperform from Perform to reflect the company's acquisition of Advocate MD and management's commitment to share repurchases. The firm set a $49 price target on the stock.
  • PPG Industries (NYSE: PPG) and Olin Corp. (NYSE: OLN) were upgraded to Neutral from Sell at UBS.
  • Synovus (NYSE: SNV) was upgraded to Neutral from Underperform at BofA/Merrill.
  • Take-Two (NASDAQ: TTWO) was upgraded to Overweight from Neutral at Piper Jaffray.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, GIS, MAR, S, TTWO, VZ ...

T-Mobile parent could snag Sprint Nextel for just over $10 billion

Deutsche Telekom may be looking to beef up its T-Mobile USA wireless brand with a takeover of troubled Sprint Nextel Corp. (NYSE: S).

Although Sprint Nextel has made strides in trying to keep valuable contract wireless customers, it continues to lose hundreds of thousands of them per quarter. The one bright spot: it's adding hundreds of thousands of less-profitable prepaid wireless customers at the same time through its Boost Mobile prepaid brand.

Continue reading T-Mobile parent could snag Sprint Nextel for just over $10 billion

Sprint steps up new WiMAX wireless offerings in 17 cities

Sprint Nextel Corp. (NYSE: S), the third-largest wireless carrier in the U.S. who continues losing customers every single quarter, is at least trying to jump ahead of the competition on high-tech service offerings. The company will be expanding its WiMAX wireless internet offerings to 17 new cities by the end of 2009.

Continue reading Sprint steps up new WiMAX wireless offerings in 17 cities

Earnings highlights: Viacom, Sprint, Revlon, DreamWorks, Conoco, Avon ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Viacom, Sprint, Revlon, DreamWorks, Conoco, Avon ...

Sprint loses more customers; can it ever stop the bleeding?

A day after Sprint Nextel Corp. (NYSE: S) agreed to purchase 100% interest in prepaid wireless company Virgin Mobile, the third-largest wireless company in the U.S. reported that it lost almost a million valuable postpaid wireless customers in its most recent quarter.

Sprint, which has bled millions and millions of customers over the past two years, has managed to offset that blow in the past few quarters by signing up record customer numbers to its Boost Mobile prepaid unit, which shook the industry up at the start of the year with a $50 per month unlimited everything wireless plan.

Continue reading Sprint loses more customers; can it ever stop the bleeding?

Sprint outsources entire network to Ericsson

Sprint Nextel Corp. (NYSE: S) has taken the next step to delete more costs from its bottom line by sending the management of its nationwide wireless network to Sweden's Ericsson. The deal -- valued at up to $5 billion -- will allow Sprint to offset its declining subscriber revenue and numbers with lowered costs.

Continue reading Sprint outsources entire network to Ericsson

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Last updated: November 10, 2009: 06:23 AM

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