MetroPCS Q4 loss widens

MetroPCS reported its fourth quarter and year-end results: Revenue grew 30 percent to $591.1 million, up from $453.1 million last year, but short of analysts' expected $608 million. The carrier added about 300,000 subscribers during the fourth quarter, which brought it to 3.96 million subscribers at the end of the year. The growth marks an increase of 35 percent more subscribers since the end of 2006. Annual profit tripled to $92.7 million and annual revenue rose 45 percent to $2.24 billion.

During the fourth quarter, however, MetroPCS posted a loss of $47.2 million, or 14 cents per share. It also took an impairment charge of $83 million to write down the value of auction-rate securities.

For more on MetroPCS' quarter:
- read this article from the AP

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