Leap Wireless revenue falls as it loses customers

Reuters News
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Posted: Apr 30, 2013 4:27 PM

NEW YORK (Reuters) - Wireless service provider Leap Wireless reported on Tuesday a wider quarterly loss as revenue declined as it had more than 93,000 net customer losses in the first quarter.

Leap posted a loss attributable to common shareholders of $111.3 million, or $1.43 per share, compared with a loss of $98.4 million, or $1.28 per share, in the year-ago quarter.

Revenue fell to $789.9 million from $825.6 billion, compared with Wall Street expectations for $735.75 billion, according to Thomson Reuters I/B/E/S.

(Reporting By Sinead Carew)