U.S. Markets closed

MetroPCS profit ahead of deal

The provider of prepaid cellular service said Q4 EPS tumbled to 9 cents per share from 25 cents a year ago. Analysts were looking for 11 cents. MetroPCS (PCS) revenue climbed 4% to $1.28 bil, in line. Subscriber numbers on its older CDMA network tumbled, while it focused on expanding its newer high-speed wireless LTE service. MetroPCS is seeking regulatory and shareholder approval for a reverse merger with Deutsche Telekom (DTEGY) unit T-Mobile USA. Shares fell 1% to 9.6.