Cost of goods sold and other operating expenses have been fairly stable as well.

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The difference is explained by the extraordinary amount the company spends on marketing and other operating expenses.

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Total occupancy cost is the sum of base rent, property tax and other operating expenses that prospective tenants would have to pay annually per square foot.

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But analysts concentrate on paid clicks and annualized operating expenses other than costs of revenues.

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The company said the actions are in addition to the ongoing cost reduction initiatives previously announced, which include a hiring freeze, business travel restrictions and other reductions in its operating expenses.

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More importantly, however, the carrier was able to grow its operating income by more than 18% as wireless EBITDA margins improved on effective management of subsidies and other expenses.

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