late Monday reaffirmed full-year forecasts for profits, cash flow and new subscribers.
The company stuck to its profit forecast of $1.26 billion, or $1.15 a share, a penny less than analysts consensus. That compares with a 2002 profit of $1.39 billion, but a loss of 5 cents a share, which reflects the redemption of preferred stock dividends. Nextel has earned $897 million in the first three quarters of this year.
The Reston, Va.-based cellular telephone provider also stuck to its previous forecast of $1 billion in cash flow and about 2.2 million new subscribers.
In its most recent quarter, Nextel earned $348 million, or 32 cents a share, on revenue of $2.88 billion, down from $383 million, or 39 cents a share, on sales of $2.28 billion a year ago.
Recently, Nextel shares were up 8 cents, or 0.3%, to $23.28.