
Nextel Gained 25% Last Week
Nextel
(NXTL)
rose about 25% over the five sessions on a combination of enthusiasm for its first quarter sales figures and a broader rally in wireless shares following a strong earnings report from
Sprint PCS
(PCS)
. Excluding an accounting charge, the fifth-largest U.S. wireless provider lost $279 million, or 35 cents a share. The company was expected to lose 40 cents, according to First Call. Revenue rose to a higher-than-expected $2.16 billion from $1.74 billion a year earlier, as the company added a net 502,000 domestic customers to end the quarter with 9.2 million domestic subscribers.









