Winstar Communications Up 13.4% on Earnings, Financing
Winstar Communications
(WCII)
was up 13.4% in late trading. The broadband services company today
reported a third-quarter loss of $2.50 a share, better than the Street's estimate of $2.54 and the year-ago $2.18. Winstar also said it received $1 billion in financing, including equity investments from
Microsoft
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