Leap Makes Gains But Reports Q1 Loss
The regional CDMA provider added 331,000 new customers to its consumer-facing brand Cricket Communications during the quarter, giving it 5.8 million customers overall.
Leap's net loss equated to $1.26 per share, on revenues of $779.9 million. In the first quarter a year ago, it reported a net loss of $68 million, 90 cents per share, on revenues of $654 million.
Wall Street analysts expected a loss of $1.06 a share on revenue of $737.7 million, according to Thomson Reuters .
Shares of Leap are up 3 cents (0.2%) at $15.10 in early after-market trading.
— Sarah Reedy, Senior Reporter, Light Reading Mobile