RESTON, Va. (AP) _ NII Holdings Inc. (NIHD) on Friday reported first-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.
The Reston, Virginia-based company said it had net income of 1 cent per share. Earnings, adjusted to account for discontinued operations, were 2 cents per share.
The provider of wireless service in Latin America under the Nextel brand posted revenue of $146.8 million in the period.
In the final minutes of trading on Friday, the company's shares hit $2. A year ago, they were trading at $3.04.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NIHD at https://www.zacks.com/ap/NIHD