Dismal 1Q For NII Holdings
Latin American wireless operator NII Holdings Inc. (NASDAQ:NIHD) declared dismal financial results for the first quarter of 2012 on the back of higher operating expenses, arising from the roll out of 3G networks and stiff competition mainly in Brazilian market. Net income in the reported quarter was $10.9 million or 6 cents per share compared [...]
Latin American wireless operator NII Holdings Inc. (NASDAQ:NIHD) declared dismal financial results for the first quarter of 2012 on the back of higher operating expenses, arising from the roll out of 3G networks and stiff competition mainly in Brazilian market.
Net income in the reported quarter was $10.9 million or 6 cents per share compared with a net income of $96.8 million or 56 cents per share in the prior-year quarter. Reported EPS per share of 6 cents was much below the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards