Leap Wireless Posts Q3 Loss - Quick Facts

(RTTNews) - Leap Wireless International Inc. (LEAP) reported a third-quarter net loss to stockholders of $185.41 million or $2.37 per share, compared to profit of $25.01 million or $0.32 per share, last year.

On average, 19 analysts polled by Thomson Reuters expected the company to report a loss per share of $1.17 for the quarter. Analysts' estimates typically exclude special items.

The company reported $78.0 million of adjusted operating income before depreciation and amortization (OIBDA) for the third quarter of 2013, compared to $131.6 million for the prior year period. Excluding $16.4 million of merger-related expenses incurred during the quarter, adjusted OIBDA was $94.4 million. Total revenues declined to $693.99 million, from $773.97 million, prior year. Analysts expected revenue of $687.21 million for the quarter.

The company reported a total of approximately 371 thousand gross customer additions and a total of approximately 196 thousand net customer losses for the third quarter of 2013. Total churn for the third quarter of 2013 was 4.0 percent. The company reported approximately 316 thousand core wireless gross customer additions for the third quarter of 2013 and approximately 140 thousand core wireless net customer losses.