Tuesday, May 8, 2007

Leap Wireless posts Q1 loss

(Reuters) - The company said it added about 318,000 net new customers in the first quarter, and that it had customer churn -- a measure of cancellations -- of 3.4 percent in the quarter, up slightly from 3.3 percent a year earlier.

San Diego-based Leap posted a first-quarter loss of $8.1 million, or 12 cents a share, compared with a profit of $17.7 million, or 29 cents a share, a year ago.


Read more at Reuters.com Market News

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