MetroPCS Beats Q3 EPS Estimates by $0.11 as Revenue Grows More Than 30% (PCS)
Thu. November 05, 2009; Posted: 09:28 AM
Nov 05, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 11/5/2009 - MetroPCS (NYSE:PCS) reported Q3 EPS of $0.21, beating consensus estimates of $0.09. Revenue for the quarter rose 30.4% year-over-year to $895.6 million, coming out ahead of consensus estimates of $869.4 million. Chairman, president and CEO Roger Linquist said, "During the quarter, we continued to buildout and expand our network and increase distribution in the Northeast Markets. We recorded approximately 121 thousand net subscriber additions for the Northeast Markets during the third quarter. After enhancing our rate plans in August, we recently introduced additional marketing initiatives intended to address the evolving competitive marketplace." The company expects net subscriber additions of 1.0 million to 1.2 million on a consolidated basis for the year ending December 31, 2009.
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