U.S. Cellular's (USM) Q1 Earnings Miss on Lower Revenues [Yahoo! Finance]
United States Cellular Corporation (USM)
Last united states cellular corporation earnings: 4/30 04:05 pm
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US:NYSE Investor Relations:
investors.uscellular.com/overview/default.aspx
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Source: Yahoo! Finance
United States Cellular Corporation USM reported soft first-quarter 2024 results, with both the bottom line and top line falling short of the respective Zacks Consensus Estimate. The company reported a revenue decline year over year, owing to a decrease in postpaid and prepaid retail connections. However, increasing customer growth in fixed wireless businesses partially supported the top line. Cost discipline initiatives enhanced operating margin. Growth in postpaid average revenues per user and lower postpaid churn rate are tailwinds. Net Income Net income in the quarter was $18 million or 20 cents per share compared to $13 million or 15 cents per share in the year-ago quarter. The bottom line missed the Zacks Consensus Estimate of 26 cents. The improvement was primarily attributed to lower operating expenses year over year. United States Cellular Corporation Price, Consensus and EPS Surprise United States Cellular Corporation price-consensus-eps-surprise-chart | United State
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USM
News
- United States Cellular Co. (NYSE: USM) had its price target lowered by analysts at JPMorgan Chase & Co. from $52.00 to $51.00. They now have an "overweight" rating on the stock.MarketBeat
- TDS AND USCELLULAR TO WEBCAST ANNUAL MEETINGS OF SHAREHOLDERSPR Newswire
- Are Investors Undervaluing United States Cellular (USM) Right Now? [Yahoo! Finance]Yahoo! Finance
- United States Cellular First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- UScellular reports first quarter 2024 results [Yahoo! Finance]Yahoo! Finance
USM
Earnings
- 5/3/24 - Miss
USM
Analyst Actions
- 5/13/24 - JP Morgan
USM
Sec Filings
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 8-K
- 4/9/24 - Form ARS
- USM's page on the SEC website