Home / Markets / Industries / Telecom
Thursday, November 05, 2009
MetroPCS Posts 30% Quarterly Revenue Growth
By Mike Maynard
MarketWatch Pulse
WASHINGTON -- MetroPCS Communications Inc. reported third-quarter net income of $73.6 million, or 21 cents a share, up from $44.9 million, or 13 cents, earned in the same period during 2008. Quarterly revenue generated by the Dallas-based provider of wireless telecommunications reached $895.6 million from the prior year's $686.7 million. Analysts' consensus forecasts, as compiled by FactSet Research, had been for MetroPCS to earn 10 cents a share on sales of $871 million. The company tallied net subscriber additions of about 66,000 in the latest quarter, down from nearly 250,000 in the year-earlier period, as its subscriber base topped 6.3 million at the end of September.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
The Crisis With 20/20 Hindsight
-
Nov 21, 2009
FOXBusiness.com LIVE
-
-
-
Jerry Rice Talks Career
-
Nov 21, 2009
NFL Receiver on career on the gridiron
-
-
-
John O'Hurley as Venture Capitalist
-
Nov 21, 2009
Comedian on life as venture capitalist
-
-
-
Excess Spending in Congress
-
Nov 21, 2009
Saving $100 Million
-
-
-
Cavuto Business Report 11-20-09
-
Nov 21, 2009
Business Report: Cavuto
-
