This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Nextel Partners Beats Earnings, Fades on Revenue

Nextel Partners (NXTP) left very little to the imagination when its CFO John Thompson released key first-quarter results at an April 12 Credit Suisse First Boston presentation. Those who stuck around for the finer points in its earnings report were rewarded with a 27-cent per share loss, besting analysts' predictions of a 31-cent loss, as gathered by Multex.com. Despite a 23% sequential increase in revenue to $63.1 million, the company fell short of Street revenue expectations of $68 million.

Back in April, Thompson stripped the small- and mid-sized wireless market carrier's first-quarter fortunes down to the flesh, revealing 61,600 new subscribers and average revenue per user of $70. The up-and-comer boasts 289,000 customers, and lost only 1.6% to customer churn in the first quarter, an improvement over the previous quarter. Additionally, the company showed off its $890 million in cash and credit lines to head off recent discussions about partner Nextel (NXTL) and communication competitors' debt situations and ability to fund network construction.

Nextel management delved into new numbers to lay out a second quarter that will feature rapid hiring, leading to a wider EBITDA loss of $28 million in the second quarter (vs. the first quarter's $22.9 million EBITDA loss). For the year, the young company plans to grow service revenue -- a number that excludes money made on equipment -- by 260%.

Nextel Partners is exerting a lot of energy in the buildout department, and plans to spend $362 million in 2001. Stripping down to its last number, the company plans to be cash flow positive in 2004.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs