Sprint Nextel didn’t exactly rally the troops with their recent Q2 sales report. The company reported a second-quarter net income of 370 million USD, or 12 cents a share, down from 600 million USD, or 40 cents a share, earned in the same period during 2005. Earnings from continuing operations also fell to 10 cents a share for the latest quarter from 22 cents a year ago.
Sprint Nextel has made a modest revision to their 2006 forecast for consolidated revenue, which the telecom carrier now pegs at 41 billion to 41.5 billion USD, as opposed to the 41 billion USD or more previously forecasted. The company also said it will begin upgrading its network to deliver higher-speed mobile broadband services based on EV-DO Revision A technology during the fourth quarter.