Clearwire Posts Loss, Preps for LTE
For its second quarter, the Kirkland, Wash.-based WiMax provider to Sprint Corp. (NYSE: S) reported a net loss of $168.7 million, or 68 cents per share, compared to $125.9 million, or 61 cents per share, for the same quarter in 2010. The 2011 figures include $590.9 million in non-cash write-downs. (See Clearwire Posts Q2.)
Clearwire's stock was down 12 cents (4.9%) in after-hours trading Wednesday afternoon.
— Dan Jones, Site Editor, Light Reading Mobile