NII Holdings Q1 Loss Wider-Than-Expected

(RTTNews) - NII Holdings, Inc. [NIHD], a provider of wireless communication services, Monday posted first-quarter net loss of $376.1 million or $2.19 per share compared with a loss of $207.5 million or $1.21 per share last year. On average, 8 analysts polled by Thomson Reuters expected loss per share of $2.05 for the quarter. Analysts' estimates typically exclude one-time items. Revenues for the quarter declined to $913.9 million from $1.28 billion in the prior-year period. Analysts estimated revenues of $1.02 billion for the quarter. The company's quarterly capital expenditures were $118 million.

For the full year 2014, the firm focuses on driving better operational and financial results by stabilizing its operations in Mexico and investing in subscriber growth in Brazil.