Investing

Clearwire (CLWR) Earnings: Why Is The Stock Off?

Clearwire (CLWR) will announce earnings at the end of the day. The shares are off over 3% down to $27.92. The stock staged a furious rally two weeks ago when it annonced that it would set up a partnership with…

By Douglas A. McIntyre
Published August 6, 2007, 9:45am ET · 1 min read

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Clearwire (CLWR) will announce earnings at the end of the day. The shares are off over 3% down to $27.92. The stock staged a furious rally two weeks ago when it annonced that it would set up a partnership with Sprint (S) to allow WiMax customers to roam on both companys’ networks. Shares ran from $24.78 to $33.20 in one day.

The stock has been down almsot every day since the excitement.

According to First Call, analysts are estimating that the company will bring in $33.26 million for the quarter and $147.4 million for calendar 2007. For the June quarter, the EPS estimate is (.$.60) and for the year ($.2.69).

Without the Sprint (S) deal, Clearwire shares could easily be back at their price before the partnership went public–$25. A miss on earnings today could put it back there.

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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