Leap Wireless's Q2 surprises

Leap Wireless gave analysts a big surprise, posting second-quarter earnings of $7.5 million, or 12 cents per share, compared with earnings of $1.1 million, or 2 cents per share, in 2005. Analysts had expected a loss of 3 cents per share, but Leap added a surprisingly high number of customers. The operator, which offers a flat-rate prepaid service in various mid markets, said it added 58,000 customers in the quarter, compared with 2,700 customers in the second quarter 2005. Leap credited some of the increased to its expansion of service.

To read more about Leap's second-quarter results:
- check out this report from BusinessWeek

Suggested Articles

The C-Band Alliance (CBA) now says the U.S. could see billions of dollars going to the U.S. Treasury if its auction of C-band spectrum gets approved.

T-Mobile appears to be working to gain favor in NY, promising more jobs in new tax revenue from a second new customer experience center in the state.

Google announced it’s bringing RCS chat services to Android users in the U.S.