Clearwire Pops on Record Results (CLWR)

Shares of Clearwire Corporation CLWR are popping in the after-hours trade following the release of its Q1 earnings results. Currently shares are higher by 1.95%, trading at $5.22. The company reported a Q1 EPS loss of $0.93 on revenues of $242 million, as well as record quarterly net subscriber additions of 1.8 million. 1.6 million was wholesale, while 155,000 were from retail. "During the quarter we made good progress toward our objective of achieving positive EBITDA in 2012 by executing new agreements with Sprint, delivering strong post-pay subscriber growth and company-best wholesale revenue growth, as well as significantly lowering our operating costs," said John Stanton, Clearwire's Chairman and interim CEO. Clearwire Corporation is a provider of fourth generation wireless broadband services. Clearwire builds and operates next generation mobile broadband networks that provide high-speed mobile Internet and residential access services, as well as residential voice services.