Sprint Beats Expectations, Thanks to EVO 4G Smartphone

Sprint’s rebounding nicely with a good smartphone lineup that includes the popular HTC EVO 4G and a growing push for its early 4G network. Although the company still suffered losses in the second quarter, the company’s performance was better than what analysts had expected, losing $0.15 per share instead of the $0.17 and gaining 136,000 post-paid accounts (those accounts tied to a contract).

Sprint’s post-paid account increases is a huge leap forward as the company has been addressing issues of customer satisfaction and network improvements to reduce the churn rate. The carrier had, in previous quarters, been able to off-set declines in post-paid accounts by increases in pre-paid customers. Sprint’s improving performance has earned the company an outperform rating on its stock by Wells Faro analyst Jennifer Fritzsche, who says, “Sprint has continued to capture significant share from T- Mobile and hold its own versus Verizon and AT&T.” Don’t miss our in-depth review of the Sprint HTC EVO 4G.