Clearwire Posts Q1 Loss
The WiMax wholesaler lost 93 cents a share on revenue of $242 million. A year earlier it reported a loss of $94 million, or 47 cents a share, on revenues of $106.7 million.
Analysts polled by Thomson Reuters expected a loss of 53 cents per share on revenue of $237 million.
Shares of Clearwire are down 11 cents (2%) at $5.01 in after-market trading.
— Sarah Reedy, Senior Reporter, Light Reading Mobile