Clearwire (CLWR) Beats Wall Street Revenue Expectations

Clearwire Corporation (Nasdaq: CLWR) reported a 4th quarter loss of $98.7 million, or 55 cents per share, compared with a pro forma loss of $90.4 million, or 47 cents per share, a year earlier.

Revenue increased from from $59.7 million to $79.9 million, beating the Wall Street average estimate of $76.4 million.

Clearwire Corporation, which is owned by Sprint Nextel Corp. (NYSE: S), Comcast Corporation (Nasdaq: CMCSA), and Time Warner Cable Inc. (NYSE: TWC) made major investments in its high-speed wireless network.

The company is building a high-speed wireless network based on WiMax technology.