MetroPCS, the fifth largest cellular network in the U.S., has posted strong third-quarter earnings, along with more than 1 million LTE subscribers on its network.
The cellular network today reported third-quarter net profit of $193 million -- more than double the $69 million profit it recorded a year ago -- on revenue of $1.3 billion, or 52 cents a share. Revenue was up by 4 percent year over year.
Analysts had expected revenue of $1.25 billion for the third quarter.
MetroPCS did have a net loss of 312,000 subscribers during the quarter, dropping its total subscriber … Read more