Western Wireless

(WWCA)

handily beat Wall Street's expectations in the latest fourth quarter, with higher revenue and subscriber growth helping to boost the bottom line.

Excluding noncash stock compensation expenses and a gain from the sale of a joint venture, Western reported income of 14 cents a share in the latest fourth quarter. Eleven analysts polled by

First Call/Thomson Financial

gave a consensus estimate of a penny for the wireless communications company, which is based in Bellevue, Wash.

Western's revenue rose to $237.1 million in the latest quarter, up from $174.1 million in the year-ago period. The company had 1.05 million subscribers at the end of the fourth quarter, a 26% gain from the end of same period a year ago.

In regular

Nasdaq

trading, Western closed at $43.06, down 7 cents on the day. But in after-hours activity on

Island

, the company gained $5.44 to trade at $48.50.