MetroPCS, Leap Decline After Subscriber Data Miss Estimates
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MetroPCS Communications Inc. and Leap Wireless International Inc., the regional U.S. pay-as-you-go wireless carriers, declined after posting subscriber data for the fourth quarter that missed some analysts’ estimates.
MetroPCS added 197,000 net new users in the period, according to a statement today. Analysts predicted 223,000, the average of five estimates compiled by Bloomberg. Leap said late yesterday that monthly churn, or the rate at which users defected, was as high as 3.9 percent, missing the 3.6 percent estimate by JPMorgan Chase & Co.