Leap Reports Third Quarter EPS of $(7.06)

Leap Wireless International, Inc. LEAP today reported customer and financial results for the quarter ended September 30, 2010. Service revenues for the third quarter of 2010 increased 4.4 percent over the prior year quarter to $565.2 million. The Company reported $123.2 million of adjusted operating income before depreciation and amortization (OIBDA) for the third quarter, an increase of $1.7 million over the comparable period of the prior year. The Company reported an operating loss for the third quarter of 2010 of $478.1 million, compared to operating income of $1.4 million for the third quarter of 2009. Net loss for the third quarter was $533.3 million, or ($7.06) per diluted share.