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KANSAS CITY, Mo. (AP) - Sprint Nextel Corp., the nation's third-largest wireless carrier, said Wednesday it swung to a first-quarter loss as investments in operations wiped out modest gains in sales.
For the January-March quarter, the Reston, Va.-based company reported losing $211 million, or 7 cents per share, versus $417 million, or 14 cents per share, a year ago.
Excluding one-time amortization charges, Sprint Nextel said it earned 18 cents per share, well below the 22 cents per share expected by analysts polled by Thomson Financial.
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