MetroPCS (PCS -9%) suffers the biggest drop in the S&P 500 after reporting it added a...

|By:, SA News Editor

MetroPCS (PCS -9%) suffers the biggest drop in the S&P 500 after reporting it added a less-than-expected 197K net new users in Q4, down from 297K in the year-ago period; analyst consensus had predicted 223K. Churn was 3.7%, up from 3.5% a year ago. Smaller competitor Leap Wireless (LEAP -7.2%) said yesterday it added an in-line 175K subscribers in Q4.