02/25/2010 (9:51 pm)
MetroPCS Communications Inc. posts 2009 profit of $176.8M
MetroPCS Communications Inc., a wireless phone company known for its no-contract, prepaid service, posted a 2009 profit of $176.8 million.
The company credits an expansion into northeastern U.S. states and a broadening of its rate plans for its 2009 success.
Richardson-based MetroPCS (NYSE: PCS) posted an annual profit of $176.8 million, or 49 cents per share, on revenue of $3.5 billion in 2009. That is up from the company’s profit of $149 million, or 42 cents per share, on revenue of $2 cash advance america.8 billion in 2008.
For the fourth quarter of 2009, MetroPCS posted a profit of $33.1 million, or 9 cents per share, on revenue of $930 million. That compares to a profit of $14.6 million, or 4 cents per share, on revenue of $723.6 million for the fourth quarter of 2008.
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