Nextel Communications today reported what it called its best quarter ever,
despite retiring some of its corporate debt. Excluding charges, the
carrier's revenue increased 27 percent from last year, and the company
raised its full-year forecasts on continued customer demand. Nextel reported
third-quarter net income of $346 million, or 32 cents a diluted share,
compared with $526 million, or 55 cents, a year ago. Excluding charges, the
carrier posted 44 cents a diluted share, more than triple the 14 cents it
reported a year ago and beating analysts' forecasts of 32 cents. Nextel's
revenues grew to $2.89 billion from $2.28 billion a year ago. The company
added 646,000 new subscribers.

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