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Sprint Nextel Swings To 4Q Loss On Impairment Charge >S

Last Update: 2/28/2008 7:14:49 AM

Analysts surveyed: 26

Thomson Financial EPS estimates can reflect either net income, operating income
or funds from operations.

The company’s earnings figure is on a diluted basis. Thomson Financial assumes
earnings estimates from analysts are on a diluted basis.

DOW JONES NEWSWIRES

Sprint Nextel Corp. (S) swung to a fourth-quarter loss of $29.5 billion, or
$10.36 a share, from a profit of $261 million, or 9 cents a share, a year
earlier, hurt by reduced contributions from the wireless segment.

Excluding a noncash goodwill impairment charge of $29.7 billion as well as other
special items, Sprint posted income of 21 cents a share.

The Reston, Va., communications company said revenue declined 5.7% to $9.85
billion from $10.4 billion.

On average, analysts polled by Thomson Financial expected per-share earnings of
18 cents, excluding some items, on revenue of $9.92 billion.

Sprint is assessing a reorganization of its business model, associated sales,
distribution and marketing plans and financial outlook.

The company expects a first-quarter decline of wireless post-paid subscribers by
1.2 million customers.

-Shara Tibken; 201-938-5400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 28, 2008 07:14 ET (12:14 GMT)

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