MetroPCS adds subscribers, profit grows in Q2
Share:
MetroPCS might not have the huge subsriber base of the four major US carriers, but it's among the biggest providers of no contract services, which along with the company's active 4G LTE network yielded it a profit of $84 million, or $.23 per share, for the second quarter of the year, a growth of 6% on the year. Analysts expected stronger earnings of $.28 per share. The total revenue of the company went up to $1.21 billion, up from $1.01 in the same trimester last year. Net subscribers also grew by 200,000 to reach nearly 9.1 million at the end of the quarter.
“The demand for no annual contract, affordable, predictable and flexible wireless service and Android Smartphones is accelerating, and we are well-positioned to continue to capture our share as the Android platform provides our subscribers with access to thousands of applications and greater access to multimedia and video,” Roger D. Linquist, Chief Executive Officer of MetroPCS, said.
At the same time, though, a growing cost of service and an increase in cost of equipment brought down the operating margin to 17.4%. This was also reflected in the average revenue per user which went up 1.6%, while cost per user grew faster by 5.8%.
source: MetroPCS
Share:
Pandigital Nova $170 Gingerbread tablet up for grabs at BestBuy 
DIY Windows Phone ad creator Brandon Foy gets hired by Microsoft as UX 
7 Comments
1. The_Miz posted on 02 Aug 2011, 07:01 1 0
Ah must be nice having those Android phones boggle down your network, MetroPCS. They are data hogs afterall.
4. Heatfan316 (unregistered) posted on 02 Aug 2011, 09:21 0 0
That is such a stupid troll comment there are plenty of Verizon iPhones flashed to metro pcs in case you didn't know. And your an idiot afterall!
2. hammertong posted on 02 Aug 2011, 08:40 1 0
Wait until the AT&T-Mobile merger. Their subscriber base will skyrocket.
3. taco50 (banned) posted on 02 Aug 2011, 08:42 0 1
Crapdroids and Metro a match made in heaven.
5. joey18 posted on 02 Aug 2011, 10:06 0 0
walfer moms drugs dealers homeless people is all this people get metro phones they pay there bill with food stamps
6. Jyakotu posted on 02 Aug 2011, 16:00 0 0
I always thought Cricket and MetroPCS should just merge into a new company. They're practically the same thing, in terms of plans and services.
