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Sprint Nextel (S Quote) beat Wall Street's bottom-line estimates for the first quarter Monday, although the company missed revenue targets due to its struggling wireless business.
The Overland Park, Kan., communications provider posted a first-quarter loss of $505 million, or 18 cents a share, more than doubling the loss of $211 million, or 7 cents a share, in the year-ago quarter.
Excluding charges related to merger activities and severance costs, Sprint earned 4 cents a share during the quarter, topping the consensus estimate of 2 cents. ...
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