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Even the iPhone Can't Save Sprint From a Loss

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Walt Disney (NYSE: DIS  ) keeps the magic alive with first-quarter earnings of $0.80 a share, ahead of analysts' estimates for $0.71 a share.
  • Panera Bread (Nasdaq: PNRA  ) reported earnings that were level with expectations, and announced its CFO is leaving next month.
  • Sprint Nextel (NYSE: S  ) reported a bigger-than-expected fourth-quarter loss, despite selling 1.8 million iPhones for the period.
  • Nokia (NYSE: NOK  ) plans to reduce costs by cutting 4,000 jobs and shifting work to Asia.

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The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Tamara Rutter owns shares of Panera and Disney. Follow her on Twitter using the handle: @TamaraRutter for daily roundup coverage and other Foolish insights. The Motley Fool owns shares of Panera Bread. Motley Fool newsletter services have recommended buying shares of Walt Disney and Panera Bread. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 08, 2012, at 1:05 PM, lucasmonger wrote:

    The title of this article is silly. Everybody knows that the up-front costs of an iPhone requires the carriers to bill the customer for 24 months before recouping those costs. So to think that record iPhone sales might help Sprint's quarterly numbers is completely flawed.

    The iPhone is only going to help slow the bleeding of people leaving Sprint.

  • Report this Comment On February 08, 2012, at 1:10 PM, mnosense wrote:

    This is junk. It just proves Motely Fool really hosts a bunch of morons.

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DocumentId: 1776095, ~/Articles/ArticleHandler.aspx, 5/27/2012 8:01:15 AM

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Related Tickers

5/25/2012 4:00 PM
PNRA $147.11 Down -0.08 -0.05%
Panera Bread CAPS Rating: ****
S $2.62 Up +0.09 +3.56%
Sprint Nextel Corp CAPS Rating: **
DIS $44.50 Up +0.06 +0.14%
Walt Disney CAPS Rating: *****
NOK $2.82 Up +0.08 +2.92%
Nokia CAPS Rating: ***

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