Virgin Mobile posts wider quarterly loss : New gizmos, Gadgets gazette Blog

Friday, November 16, 2007

Virgin Mobile posts wider quarterly loss

Virgin Mobile USA on Thursday reported a wider third-quarter loss, but revenue rose about 18 percent in its first earnings report since last month's initial public offering.

Virgin Mobile USA, a venture of Sprint Nextel and Richard Branson's Virgin Group , reported a quarterly net loss of $7.3 million (3.6 million pounds), compared to a net loss of $5.1 million for the third quarter of 2006.

Virgin Mobile USA reported a pro forma diluted loss for the third quarter 2007 of 15 cents per share, compared to a pro forma loss of 10 cents per share in the third quarter 2006.

It posted revenue of $319.50 million, up from $270.99 million, it said in a statement.


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