Wireless operator Clearwire's fourth-quarter results were fairly disappointing, but at least its longer term prospects are starting to brighten.
The company, which supplies Sprint Nextel with 4G WiMax wireless service, reported a fourth-quarter loss of $236.8 million, or 81 cents a share, compared with a year-ago loss of $128 million, or 79 cents a share.
Revenue, however, more than doubled to $361.9 million as the company started picking itself up off the mat.
Wall Street analysts were looking for Clearwire to lose 35 cents a share and post revenue of $356.7 million. The company released its revenue and customer growth figures early. … Read more