The largest pay as you go telecom carrier in the United
States, MetroPCS (PCS) Communications Inc., recently reported its third quarter
results. Results were impressive as the company more than doubled its bottom
line from the same quarter last year. The company posted earnings per share of
$0.52 on revenues of $1.26 billion. Both revenues and earnings grew, by 5% and
177%, respectively. The company ended the quarter beating estimates for both
revenues and earnings. Third quarter revenues of $1.26 billion beat revenue
estimates of $1.25, whereas, PCS beat earnings estimate by a comfortable margin
of $0.26. Despite the fact that earnings were helped by a $53 million gain on
sale of certain securities, the company would have still beaten the EPS
estimates by a margin of $0.19 per share after excluding the effects of the
said sale of securities.
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