Sprint Nextel reports 2Q loss, stock slides

August 6th, 2008 in Technology / Business
Sprint Nextel reports 2Q loss, its stock slides (AP)

In this Feb. 28, 2008 file photo, a customer is helped at a Sprint phone store in Murray, Utah. Sprint Nextel Corp., the nation's third-largest wireless carrier, said Wednesday it swung to a second-quarter loss on severance and other charges but still beat Wall Street expectations and said it had slowed customer defections. (AP Photo/Douglas C. Pizac)

(AP) -- Sprint Nextel Corp.'s up-and-down road to recovery continued Wednesday as the company reported adjusted second-quarter results that beat Wall Street expectations as well as a slower loss of subscribers.

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