Even the iPhone Can't Save Sprint From a Loss

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Walt Disney (NYS: DIS) keeps the magic alive with first-quarter earnings of $0.80 a share, ahead of analysts' estimates for $0.71 a share.

  • Panera Bread (NAS: PNRA) reported earnings that were level with expectations, and announced its CFO is leaving next month.

  • Sprint Nextel (NYS: S) reported a bigger-than-expected fourth-quarter loss, despite selling 1.8 million iPhones for the period.

  • Nokia (NYS: NOK) plans to reduce costs by cutting 4,000 jobs and shifting work to Asia.

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At the time thisarticle was published Fool contributor Tamara Rutter owns shares of Panera and Disney. Follow her on Twitter using the handle: @TamaraRutterfor daily roundup coverage and other Foolish insights. The Motley Fool owns shares of Panera Bread. Motley Fool newsletter services have recommended buying shares of Walt Disney and Panera Bread. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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