On Thursday, Sprint Nextel Corporation (NYSE:S) reported a large loss for the second quarter but saw its service revenue exceed estimates. The No.3 carrier’s loss was $1.4 billion ($0.46 per share) from $7.3 billion in sales as compared to its $847 million loss ($0.28 per share) from the previous year. Analysts had estimated a $0.41 cents per share loss. Incurring a loss isn’t anything new for Sprint. According to the Associated Press, it was...
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Zynga Inc (NASDAQ:ZNGA)’s stock price hit rock bottom, after Facebook Inc (NASDAQ:FB) made significant changes to the way games appear in its site. According to Reuters, analysts cut their prospects on Zynga stock price, after Facebook’s strategy changes impacted negatively on the company’s quarterly results. Doug Anmuth, JPMorgan & Chase Co. (NYSE:JPM) analyst, is quoted as saying, “the biggest factor impacting current performance appears to be the way Facebook Inc (NASDAQ:FB) is surfacing gaming...
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