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>> SPRINT NEXTEL Latest News

JUL 30, 2013 - TheStreet

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Sprint Slumps as Losses Widen

NEW YORK (TheStreet) -- Sprint shares tumbled 4.7% to $5.47 before market open on Tuesday, weighed down by the company's widening second-quarter loss following the shutdown of its Nextel network. Excluding items, Sprint reported a loss of 53 cents a share early on Tuesday, compared to a loss of 46 cents a share in the same period last year. Wall Street had predicted a loss of 30 cents a share. The company's operating loss of $874 million included noncash charges of $623 million related to the scheduled shutdown of its Nextel platform on June 30. ... Click to ... Read More

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