Sprint (S -1.6%) finished lower following its Q1 report, partly due to worries about its net add...

|About: Sprint Corporation (S)|By:, SA News Editor

Sprint (S -1.6%) finished lower following its Q1 report, partly due to worries about its net add figures. Bernstein (Underperform) thinks Sprint's large Q/Q drop in net adds, together with disappointing figures (I, II) from AT&T (T) and Verizon (VZ), indicate the U.S. wireless market is saturated. It's also worried Sprint isn't selling enough iPhones to absorb its 7.5M unit/year commitment. Wells Fargo (Outperform), by contrast, praises Sprint's ARPU growth and 4G buildout progress.