iPCS reports revenue increase
SCHAUMBURG - iPCS, Inc. a PCS Affiliate of Sprint Nextel Corp., Friday reported increases in quarterly revenues, income and earnings compared to the second quarter of 2008. The company reported a 14 percent increase in revenue to $107.2 million in 2009 compared to second-quarter 2008 revenue of $94.2 million. Net income increased to $7.4 million, or $0.43 per diluted share, compared to a net loss of $600,000, or $0.04 per diluted share, for the prior year quarter, and adjusted earnings before taxes of $29.3 million, compared to $23.4 million, a year-over-year increase of 25%.
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