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PHOENIX-Nextel Partners Inc. reaffirmed its full-year 2003 guidance at today’s Smith Barney Citigroup Entertainment Media and Telecommunications Conference.
“Our preliminary results for 2003 indicate that Nextel Partners achieved its objectives for 2003, which we continuously revised upward throughout the year,” said John Chapple, chairman, chief executive officer and president of Nextel Partners.
The company’s stock was up almost 5 percent to trade at $14.01 per share, above its 52-week high of $13.50 per share, following the news. Nextel Communications Inc. similarly reaffirmed its full-year 2003 guidance yesterday, pushing its stock past its 52-week high of $28.99 per share, to top off at $29.13 per share mid-day Tuesday.
