Sprint reports 'highest-ever' revenue of $7.2 billion for Q2 2013, loses $874 million on Nextel shutdown

Sprint has just announced its second quarter 2013 financial results, and while it's pay as you go plans are paying off in income, it still took a huge loss. The company posted $7.2 billion in earnings, its "highest ever" total, while also managing to lose $874 million for the quarter. It's chalking that up to a huge depreciation charge of $430 million and another non-cash hit of $623 million due to the Nextel platform shutdown.

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