MetroPCS Communications Craters on Q4 Subscriber Results (PCS)

Shares of MetroPCS Communications PCS are falling hard this morning, currently off by 7.89%, trading at $13.13. The stock had been moving higher for the past six months, spiking to a high of $14.40 yesterday, but are giving some back this morning. Shares are still trading well above the 50-day and 200-day moving averages. MetroPCS Communications reported Q4 subscriber results today, which showed slowing growth. Churn fell 180 basis points, to 3.5%. "We are pleased with our fourth quarter net subscriber additions and churn results, particularly in light of the severe weather occurring during our peak selling season in late December," said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS. MetroPCS Communications, Inc. is a wireless telecommunications provider. The Company offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States over its own licensed networks or networks of entities, in which the company holds a substantial non-controlling ownership interest.