Leap Wireless International Inc. (NASDAQ:LEAP) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Leap Wireless International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-2.09 in the quarter versus EPS of $-0.54 in the year-earlier quarter.
Revenue: Decreased 7.02% to $731.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Leap Wireless International Inc. reported adjusted EPS loss of $2.09 per share. By that measure, the company missed the mean analyst estimate of $-1.12. It missed the average revenue estimate of $735.07 million.
Key Stats (on next page)…
Revenue decreased 7.39% from $789.86 million in the previous quarter. EPS increased to $-2.09 in the quarter versus EPS of $-1.43 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $1.23 and has not changed. For the current year, the average estimate has moved down from a loss of $4.82 to a loss of $5.16 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)