Earnings Plunge For NII Holdings

February 26, 2009 3:03 PM |

Fourth quarter earnings for NII Holdings Inc. (Nasdaq: NIHD) plunged to 5 cents per share from 71 cents per share in the year ago period to fall far short of expectations due to mounting expenses.  The Latin American wireless carrier forecast disappointing 2009 sales sending the stock price plummeting $3.28 to close at $13.21.

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