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Virgin Mobile Swings to a Profit

Stock quotes in this article: VM , SKM , ELNK , IBM  

Virgin Mobile USA (VM Quote) swung to a third-quarter profit Monday, handily beating analysts' expectations for the quarter.

Although the stock finished Wednesday's session 12.7% lower, shares surged 25% in late trading to $1.20.

The Warren, N.J., based wireless communications company said it had net income of $4.07 million, or 7 cents a share, in the quarter ended Sept. 30, compared with a loss of $7.38 million, or 29 cents a share, a year ago. ...

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