It's been an up-and-down year for NII Holdings, which specializes in push-to-talk mobile communications in Latin America under the Nextel brand. The company posted strong results for the first quarter of 2011, with revenue and earnings up 26% year to year.
With a second strong quarter in the books as well, NII decided to raise its guidance on annual revenue to $7.1 billion from $6.6 billion. But the move proved a mistake as third-quarter results missed projections due to lower sales and higher expenses related to currency exchange and taxes. The company reverted to its guidance from the first quarter.
"We expect a negative reaction to the results," J.P. Morgan warned in an October note. NII will have to work hard in 2012 to restore investor confidence in its ability to increase subscribers in Brazil, Argentina, and Peru, while fending off growing competition.
It's been a hot and cold year for the stock market, but these Fortune 500 companies managed to float to the top with impressive gains. From Ross Stores to MasterCard, here are the biggest winners.
|Scandal-ridden food processor issues recall|
|Math nerds are taking over Wall Street|
|The jobs report, GDP and Fed will set tone for stocks this week|
|BuzzFeed fires viral politics editor for plagiarizing|
|Stocks drop as Amazon and other earnings report disappoint|