Sprint Nextel Corporation (NYSE:S) disappoints Research In Motion Ltd (NASDAQ:BBRY) on the move in which it declared it will be the only main U.S. carrier which is not to offer BlackBerry’s novel flagship Z10 phone at what time it unveilings this month, choosing as an alternative to wait for the keyboard-equipped Q10.
A spokesman for the Overland Park, Kansas-based carrier, Mark Elliott stated that Sprint intends to propose the Q10 in a while this year. That model has a physical keypad, in addition to a smaller touch screen.
Elliott added that they aren’t declaring there’s anything diverse about their customers. They believe their customers will be pleased with the QWERTY keyboard as well as touch screen on the Q10.
Shares of BlackBerry, previously called Research In Motion Ltd. (BBRY), plunged 0.8% to $13.26 in last trading hour at the close in New York. Sprint’s stock was unmoved yesterday at $5.80.
On the other hand other big U.S. carriers , AT&T Inc. (NYSE:T), Verizon Wireless (NYSE:VZ)and T-Mobile USA have shaped sign-up pages for customers interested in receiving e-mail alerts about the availability of the BlackBerry Z10.
Let’s have a short overview of the financial highlights of the stock, shares of Sprint recorded no change for the day to settle at $5.80 on March 1, 2013.
Sprint Nextel Corporation is associated with S&P 500 with 40,000 employees. Sales of Sprint Nextel Corporation were 35.35 Billion with net income of -4325.00 million.
Sprint Nextel Corporation stock surged during the trade to the maximum level at $5.83 and at the lowest level of $5.75 after opening price of $5.80. Sprint Nextel Corporation has earning per share of $-1.44 while it has 3.00 billion shares outstanding with institutional ownership of 89%.
The price to sales ratio of Sprint Nextel Corporation in past twelve months was calculated as 0.49 and price to cash ratio remained 2.13. While retunes ratios are concerned, the Sprint Nextel Corporation return on equity ratio is recorded as -46.72% and decreased -10.11% return on investment while its return on asset remain -8.57%.