iPCS reports net income in Q3

Thu. November 05, 2009; Posted: 09:56 AM

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Nov 05, 2009 (Datamonitor via COMTEX) -- S | Quote | Chart | News | PowerRating -- iPCS, a PCS affiliate of Sprint Nextel, has reported a net income of $2.7 million, or $0.16 per diluted share, for the third quarter ended September 30, 2009, compared to a net loss of $7.5 million, or $0.44 per diluted share, in the third quarter of 2008.

For the third quarter of 2009, total revenues were $141.4 million, compared to $132.1 million in the third quarter of 2008.

For the first nine months ended September 30, 2009, total revenues were $417.7 million, compared to $387.1 million in the same period of 2008. Net income was $15.8 million, or $0.93 per diluted share, compared to a net loss of $9.7 million, or $0.57 per diluted share, in the same period of 2008.

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For full details on Sprint Nextel Corp (S) click here. Sprint Nextel Corp (S) has Short Term PowerRatings of 5. Details on Sprint Nextel Corp (S) Short Term PowerRatings is available at This Link.

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