MetroPCS Profit Up in Q2
The operator posted net income of $84 million, or $0.23 per share, in the quarter, up 6 percent compared with $80 million, or $0.22 per share, in the same period last year.
MetroPCS added 200,000 net subscribers in the quarter, marking a 19 percent increase in total subscribers over the 12-month period from the second quarter last year.
The company fell short of analysts' average estimates, which expected earnings to be $0.27 per share and revenue of $1.23 billion for the quarter.
MetroPCS also reported a boost in average revenue per user (ARPU) to $40.49 in the second quarter, which is an increase of $0.65 compared with the second quarter last year. The ARPU gain is mostly attributed to demand for its "Wireless for All" and Long Term Evolution (LTE) tariff plans. (See MetroPCS Seeks 'LTE for All' Spectrum.)
— Michelle Donegan, European Editor, Light Reading Mobile