Leap Wireless International Inc. (NASDAQ:LEAP) is down 20.75% this morning at $6.11. LEAP has traded 5.6 million shares so far today, well above its daily average 1.4 million shares. Leap Wireless posted a net loss for the most recent quarter of $98.4 million or $1.28 per share. The company has a market cap of 487.02 million.
NII Holdings Inc. (NASDAQ:NIHD) is down 18.18% in early trading at $15.35. NIHD has traded 7.7 million shares so far today, more than double its daily average. NII Holdings announced first quarter profits earlier today and reported net income of $10.9 million, down from $96.8 million a year ago. The company has a market cap of 2.64 billion. [Read more...]