9/14/2023 0 Comments Pmetro pcs scam block app![]() In general there is “less visibility” into the future for smaller companies, Pacific Crest analyst Steve Clement said.īut before the second-quarter results, investors had hoped they could hang their hat on smartphones for at least some of those wireless operators. To be sure, Leap and MetroPCS are more open to economic swings as their customers are people on tighter budgets who are particularly vulnerable in a weak economy.Īnother rival, Clearwire Corp CLWR.O, was also down over 24 percent on Thursday afternoon as investors worried whether it would be able to raise the new funding it said it needs, even though it promised an operating profit sooner than expected. Investors, unconvinced by the upbeat tone, slammed Leap’s stock down another 30 percent on Thursday. 3 that it was actually seeing a benefit from smartphones in the form of lower customer defections, compared with other customers. Leap told analysts on a conference call following its results after the market close on Aug. Leap dropped 21 percent in sympathy with MetroPCS on Aug. MetroPCS fell 37 percent on the day of its report and was down 11 percent to $9.14 in Thursday afternoon New York Stock Exchange trading shares touched a low of $8.70 earlier in the session. On top of this, executives told analysts on a conference call that customers with costly smartphones did not appear to have any more loyalty to the service that those with cheaper phones. ![]() 2, MetroPCS posted weaker than expected customer growth even as costs rose faster than Wall Street had expected. “People are rethinking what smartphones mean for telecoms, How much growth it can provide and the impact on its margins,” said BTIG analyst Walter Piecyk. mobile service Sprint Nextel Corp S.N are down 24 percent since it reported subscriber losses and dramatic cost increases. ![]()
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