Leap Posts Loss as Broadband Subs Flee
Leap added 29,000 net new voice customers, but lost 132,000 net broadband subs in the quarter.
The prepaid CDMA carrier lost 85 cents a share on revenues of $760.5 million. A year earlier it reported a loss of $18.2 million or 24 cents a share on revenues of $633.5 million.
Analysts polled by Thomson Reuters expected a loss of 53 cents a share on $780 million in revenue.
Shares of Leap were down 53 cents (5.28%) to $9.51 each in after-market trading Wednesday.
— Sarah Reedy, Senior Reporter, Light Reading Mobile