NII Holdings, Inc. (NIHD) Posts Surprise Q2 Loss of 60c/Share; Cuts FY12 Sales Outlook

August 7, 2012 6:51 AM EDT Send to a Friend
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NII Holdings, Inc. (NASDAQ: NIHD) reported Q2 EPS of ($0.60), $0.66 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.56 billion.

During the quarter, the Company added 235,000 net subscribers to its network, bringing its ending subscriber base to more than 11.2 million, a 14 percent increase compared to the subscriber base as of June 30, 2011.

Sees FY2012 revenue of $6.1 billion, versus prior guidance of $7.1 billion and the consensus of $6.6 billion.

For earnings history and earnings-related data on NII Holdings, Inc. (NIHD) click here.


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