Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Latin American wireless carrier NII Holdings
So what: Revenue in the fourth quarter tallied up to $1.6 billion, a bit short of the market's expectation of $1.68 billion. However, the real shocker was the bottom line, and the loss of $0.05 per share was a big surprise compared to the $0.19-per-share profit that the Street was looking for.
Now what: The company added 467,000 net subscribers during the fourth quarter, but attributed the surprise loss to an unexpected rise in costs related to network deployment and marketing. Increasing competition led to higher spending to build its brand and retain customers. Forward-looking guidance also came in a tad light, with fiscal 2012's revenue forecast of $7.1 billion falling short of the $7.3 billion consensus.
Interested in more info on NII Holdings? Add it to your Watchlist by clicking here.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
American Tower Continues Its Brazilian Buying Spree
American Tower just announced an acquisition worth nearly $1 billion. Here's what investors need to know.
5 of Last Week's Biggest Losers
These five stock suffered double-digit percentage declines last week.
Why Clean Energy Fuels, Medivation, and NII Holdings Tumbled Today
Friday was another winning day on Wall Street overall, but shareholders in these three stocks suffered big losses as their companies had to deal with bad news. Learn the details now.