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Leap Wireless 1Q Loss Grows, But Market Share Up

Stock quotes in this article: LEAP  

SAN DIEGO (AP) — Leap Wireless International Inc. said Thursday its first-quarter loss swelled as the wireless communications company spent money expanding into Chicago and Philadelphia and upgrading its entire system.

The company posted a loss after paying preferred dividends of $50.3 million, or 74 cents per share, compared with a loss in the year-earlier quarter of $18.8 million, or 28 cents per share.

Revenue increased 25 percent to $587 million from $468.4 million. ...

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