Clearwire Beats Q2 Sales Estimate, Cites Loss
Wimax broadband Internet service provider Clearwire (CLWR) last evening reported second-quarter sales for the June-ending quarter that beat estimates, at $58.56 million, versus $54.2 million. Excluding some costs, the company’s net loss was 98 cents per share, according to an email I received from a company representative.
That’s better than the $1.01 loss per share the Street was expecting, though I would note that the 98-cent loss figure is nowhere in the actual press release. Including all charges for the quarter, the net loss was $1.21.