Sprint announces Q1 results, sheds 75,000 additional customers

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The results for Q1 2010 are in for the #3 wireless carrier in the U.S., and the results are more of the same. Sprint shed 75,000 additional customers and posted operating revenues of $8.1 billion, a $865 million loss. The company’s churn rate was at 2.15%, an improvement from Q1 2009 (2.25%), but slightly up from Q4 2009 (2.09%). Average revenue per user, or ARPU, stayed the same at $55 but was down $1 YoY. Sprint CEO, Dan Hesse, had the following to say after the company’s earnings announcement, “…results, including increased net operating revenues and significant year-over-year net post-paid subscriber improvements show we continue to make progress in improving the business.” What’s the consensus? Anyone going to switch over to Sprint for the EVO 4G and help Sprint lower that churn rate?

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