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Sprint Nextel Corporation (NYSE:S) stated that the Sprint platform added 442,000 net postpaid customers during Q2, and the Nextel platform lost 688,000 net postpaid customers in Q2. Sprint platform postpaid net additions and Nextel platform postpaid net subscriber lost 431,000 net subscribers from the Nextel platform, which was acquired on the Sprint platform. However, the company added 141,000 net prepaid subscribers in Q2, which includes net additions of 451,000 prepaid Sprint platform customers, offset by net losses of 310,000 prepaid Nextel platform customers. Sprint platform prepaid net additions and Nextel platform prepaid net losses include 143,000 net subscribers from the Nextel platform which was acquired on the Sprint platform. For the quarter, the company reported net additions totaling 388,000 wholesale and affiliate subscribers as a result of growth in MVNOs reselling prepaid services.
Don’t Miss: Facebook is Zynga’s New Punching Bag.
Bank of America Corp (NYSE:BAC): Yesterday, the E.U.’s European Commission suggested turning the manipulation of key financial benchmarks into a criminal offense, according to The Washington Post. Also, the newspaper adds that U.S. authorities have begun pursuing criminal cases against people who were allegedly involved in the Libor rigging scandal.
Zynga Inc (NASDAQ:ZNGA): The average estimate of analysts for Facebook’s Q2 is 12c, on revenue of $1.15 billion. In a note to investors this morning, Piper Jaffray predicted that the shortfall of Zynga could negatively impact of only 1 percent on Facebook’s results. Piper based its estimate on the decision of Facebook to utilize games made by companies other than Zynga, as well as Zynga’s typical percentage of Facebook’s revenue. Facebook may have a chance of reporting stronger than expected Q2 results, said the firm, which keeps its Outperform rating and a $41 price target on the shares. In mid-morning trading, Facebook slumped $2.03, or 6.92%, to $27.31. Meanwhile, Zynga plunged $2.04, or 40.13%, to $3.04.
Boston Scientific Corporation (NYSE:BSX) reports Q2 Endoscopy sales see a 7 percent increase, and its Q2 Peripheral Interventions sales are up 7 percent.
Ford Motor Company (NYSE:F): European car sales are worse than they’ve been in a decade, and the industry could be forced to deal with the overstaffed, underused factories which have dragged earnings down for years, according to the New York Times. I’ve never seen it this bad, claims Fiat (FIATY) CEO Sergio Marchionne. All the unresolved issues that have plagued the industry for years have come forward.
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