Sprint announces Q3 earnings: net subs reach five year high, net losses at $300 million

Sprint has just unveiled its Q3 earnings report, and it's looking pretty bittersweet. According to the company, net operating revenues reached $8.3 billion during the quarter (about two percent higher than Q3 2010), while additions of new wireless net subscribers reached a five year high, with 1.3 million customers hopping onboard during Q3. At the same time, however, the carrier reported net losses of $301 million -- lower than Q2's figures, but not exactly encouraging, either. Of those 1.3 million new subscribers, 304,000 were of the postpaid variety, 485,000 were prepaid and about 835,000 were wholesale.