Sprint to report 2Q results amid stock rally

AP News
Posted: Jul 26, 2012 3:01 AM

NEW YORK (AP) — Sprint is reporting its quarterly results amid a challenging shutdown of its Nextel network.

The report for the second quarter will come before the market opens Thursday.

Sprint Nextel Corp. is the third-largest wireless carrier in the U.S. Its stock has rallied as investors have grown more optimistic that it can pull through difficult years ahead. In the earnings report and the conference call that follows, analysts will be looking for signs that the company can handle the dual challenges of selling the iPhone profitably and shutting down the Nextel network.

Sprint aims to complete the shutdown of the aging Nextel network next year. If it can't coax the departing subscribers to sign up for Sprint devices instead, it will come out a much diminished company.