UPDATE: Leap Wireless Posts Downbeat Q2 Results

Leap Wireless International

reported weaker-than-expected fiscal second-quarter results. Leap posted a quarterly loss of $41.6 million, or $0.54 per share, versus a year-ago loss of $58.4 million, or $0.85 per share. Its revenue rose to $786.8 million, from $760.5 million. However, analysts were expecting a loss of $0.50 per share on revenue of $836.8 million. Leap shares closed at $5.52 yesterday.