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Clearwire beats Street with subscriber growth

NEW YORK (Reuters) - Clearwire Corp CLWR.O posted 72 percent growth in quarterly revenue, ahead of Wall Street expectations, on strong demand for a high-speed wireless service it is building.

Its shares up 3 percent after the news.

Clearwire, which is about 55 percent owned by Sprint Nextel Corp S.N, saw its quarterly loss swell to $94.1 million, or 47 cents per basic share, from $71 million, or 37 cents per share, in the same quarter the year.

But the latest quarterly loss was narrower than the 51 cents per share loss expected by Wall Street according to Thomson Reuters I/B/E/S.

Revenue rose to $106.7 million from $62.1 million the same quarter the year before and was ahead of expectations for $97.18 million from analysts polled by Thomson Reuters I/B/E/S.

Clearwire said it added 283,000 net new customers in the quarter compared with the average expectation of almost 192,000 from four analysts contacted by Reuters. Their estimates ranged from 153,000 to 238,000.

The company is part owned by cable operators Comcast Corp CMCSA.O and Time Warner Cable Inc TWC.N, as well as Intel Corp INTC.O and Google Inc GOOG.O.

Clearwire shares rose to $7.79 in late trading after closing at $7.56 on Nasdaq.

Reporting by Sinead Carew; editing by Andre Grenon

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