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Leap Wireless Revenue Up 25 Percent

Wireless service provider Leap Wireless International Inc. announced third-quarter financial results Nov. 7.

Revenues for the three months ended Sept. 30 were $287.5 million, up 25 percent from revenues of $230.5 million in the same period of 2005.

Net income for the period was $10 million, or 16 cents per diluted share, down from net income in the like period of 2005 of $16.4 million, or 27 cents per diluted share.

Operating expenses for the period increased from last year to $292.5 million from $216.5 million.

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San Diego-based Leap Wireless is traded on the Nasdaq as LEAP and closed Nov. 7 at $55.66, down 34 cents from the Nov. 6 close.

, Andy Killion

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