(RTTNews) -  Sprint Nextel Corp. (S: News ) reported third quarter net loss of $478 million or $0.17 per share, compared to net loss of $326 million or $0.11 per share last year.

On average, 22 analysts polled by Thomson Reuters expected the company to report loss of $0.15 per share, on revenues of $8.09 billion. Analysts' estimates typically exclude special items.

Net operating revenues declined to $8.04 billion from $8.82 billion in the same quarter last year.
Sprint Nextel continues to expect that both post-paid and total subscriber full-year losses should improve in 2009 as compared to 2008. The company also expects both post-paid and total subscriber net losses to improve sequentially from 3Q to 4Q of 2009.

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by RTT Staff Writer

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