Metropcs Stock Plunges As Growth Slows

MetroPCS reported a sharp slowdown in subscriber growth as the sputtering U.S. economy forced customers to drop their wireless service, a trend the company sees continuing. Shares plunged.

Sections:  business   
Topics:  metropcs   stock market   stocks   wireless carrier   
RELATED ARTICLES
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • LinkedIn Shares Slide After Disappointing Outlook
    LinkedIn's surging share price cooled Friday as the social network projected slower revenue growth next quarter following a decision to lower the number of display ads that the website shows. More
  • Stocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Empire State Building IPO clears NY legal hurdle
    A legal challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge. More
  • Google searches predict market moves
    As the search volume on generic terms such as "debt", "portfolio" and "stocks" fell, the Dow Jones average tended to go up - and vice versa. An investment strategy based on these search volume data between 2004 and 2011 would have made a profit of 326%. More
BING NEWS:
  • Aon plc: Aon Reports First Quarter 2024 Results
    Key Metrics Total revenue increased 5% to $4.1 billion, including organic revenue growth of 5% Operating margin decreased 210 basis points to 36.0%, and operating margin, adjusted for certain ...
    04/26/2024 - 4:22 am | View Link
  • Wall Street plunges after US inflation shock
    US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped. Shares on Wall Street plummeted as official ...
    04/25/2024 - 6:28 am | View Link
  • Northrop Grumman Reaffirms 2024 Guidance Post Double-Digit Earnings Growth In Q1: Details
    Northrop Grumman Corp reported 9% sales growth in Q1 fiscal 2024, beating consensus. Q1 EPS was $6.32, also exceeding expectations. Backlog is $78.9B.
    04/25/2024 - 5:22 am | View Link
  • Stock Market Today: Stocks tumble as GDP slows with inflation spike; Meta plunges
    Big Tech earnings and GDP data are in focus as markets look to defend a largely positive week for the S&P 500.
    04/25/2024 - 4:22 am | View Link
  • 5 Things to Know Before the Stock Market Opens
    Meta plunges on AI spend plans; Microsoft, Alphabet and Intel to release quarterly results after the closing bell; Comcast posts a Q1 earnings beat on a jump in Peacock subscribers; and BHP proposes a ...
    04/25/2024 - 1:07 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News