Sprint Sales Top Estimates as Customers Pay Higher Bills
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Sprint Nextel Corp., the third-largest U.S. wireless carrier, jumped the most in almost three years after iPhone demand helped bolster spending on data plans, lifting the company’s sales above analysts’ estimates.
Sprint shares rose 20 percent to $4.05 in New York, the biggest one-day gain since November 2009. The stock has now climbed 73 percent this year.