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Pompano Beach, FL -- (SBWIRE) -- 02/07/2013 -- Hooters have been blowing up on Sprint Nextel Corp. (NYSE:S) headquarters on Thursday, as the third- biggest US wireless carrier, announced bubbly revenue and a slightly lesser loss than experts had forecasted, enhanced by superior use of smartphones.
How Should Investors Trade Sprint Nextel Now? Don’t Miss out a Special Trend Analysis
Sprint Nextel (S) reported that the fourth-quarter net loss came in 44 cents per share, Overland Park, Kansas-located Sprint stated in a statement. Experts had estimated 45 cents on average, as per reported by data gathered by Bloomberg. Sales jumped up to $9.01 billion, in contrast with an average forecast of $8.93 billion.
Sprint investors gave a silent response after earnings call as the stock didn’t showed impressive moves on Thursday, changing hands at $5.71 at 10:13 a.m. in New York.
Shares of Sprint which increased twofold last year have traded in a range of $5.40 and $6 since October when Tokyo-located Softbank Corp. decided to pay $20 billion for a 70 percent interest.
At the current trading session, Sprint Nextel Corporation (NYSE:S) shares fell -1.13% to $5.70 while The Stock traded within the range of $5.69 – $5.79. In the past year, the stock has traded within a range of $2.20 – $6.04. The current session’s volume of 22.04 million shares is down from the average daily trading volume of 42.54 million shares.
Will Sprint Nextel Get Buyers Even After The Recent Rally? Find Out Here
While If we look at the few other stocks within industry, SK Telecom Co., Ltd., Clearwire Corporation and NII Holdings, Inc. are remain in the decliners list. Let’s have a quick look on their Market performance.
SK Telecom Co., Ltd. (ADR) (NYSE:SKM) shares are down -1.30% to $18.21 while the stock is traded within the range of $18.20 – $18.39 in the current trading session. In the last 12 months the shares have traded between $10.85 and $18.46. The current session’s volume of 1.01 million shares is lower than their average daily trading volume of 2.13 million shares.
Why Should Investors Buy SKM After the Recent Fall? Just Go Here and Find Out
Clearwire Corporation (NASDAQ:CLWR) shares in the current session moved down -0.05% reaching at $3.21. The stock traded in a range of $3.19 – $3.22. In the last year the stock has moved within a range of $0.83 – $3.41. The current session’s volume of 888,977 shares is lower from their average daily trading volume of 15.06 million shares.
Is it the Right to Grab CLWR after the Recent Slump? Get Free Trend Analysis Here
Another rival company NII Holdings, Inc. (NASDAQ:NIHD) trading down -1.18% to $5.85. Intraday trading recorded the stock price in a range of $5.81 to $6.02. In the previous 52 weeks the stock’s price ranged between $4.75 and $24.32. The current session’s volume of 664,377 shares was lower from their average daily trading volume of 4.17 million shares.
Has NIHD Found The Bottom and Ready To Move Up? Find Out Here
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