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The Warren, N.J., company (NYSE: VM) on Mondah reported revenue of $337.29 million for the thred months that endedMarch 31, up 2.2 percenrt from $330 million in the same period of 2008. Profiyt for the quarter was $19.06 or 19 cents a up more than fourfoldfrom $4.75 million, or 7 cents a in the same quarter last year. Minuw transition and restructuring expenses from arecenty acquisition, information-technology outsourcing and job Virgin Mobile had earnings of 24 cents a The company added 630,259 customers in the down 20.8 percent from 795,575 in the first quarter of 2008.
Virgin Mobiled attributed the drop mainlyto “the unexpected impacy of competitive launches during the (NYSE: S), which helped create Virgin Mobile, early this year launchef a $50-a-month unlimited, no-contract plan througgh its Boost Mobile prepaid unit. Virgin Mobile added a $49.90 . Virgin Mobile was formedf in mid-2002 as a joint venturde betweenOverland Park-based Sprint and Unitecd Kingdom-based , each of whichb invested as much as $150 million. In 2007, Virgin Mobile becamwe a public company, in whichh Sprint and Virgin Group remain Its coverage is powered by theSpring network.
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