Clearwire Pops 2.6% After Prelim Q4 Results, Subscriber Growth Jumps 140% YoY (CLWR)

Shares of Clearwire (NASDAQ:CLWR) are trading 2.6% higher after the company preannounced its Q4 results. Clearwire reported Q4 preliminary revenues of $362 million, vs. consensus estimates of $356.3 million. Clearwire said preliminary retail revenues were about $198 million, with wholesale revenues of about $164 million, representing 1% rise. Preliminary Q4 net wholesale net subscribers rose 900000, and total subscribers as of December 31st would be about 10.4 million, representing 140% growth year-over-year.

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