U.S. Cellular (USM) Q4 Earnings Beat Despite 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 strong fourth-quarter 2023 results, with both the bottom line and top line surpassing the respective Zacks Consensus Estimate. A reduction in prepaid and postpaid retail connections led to a revenue decline year over year. However solid momentum in fixed wireless portfolio, growth in tower rental revenues partially supported the top line. Cost optimization strategy improved profitability. Growth in postpaid average revenues per user (ARPU) and steady progress in 5G network deployment are tailwinds. Net Income Net income in the quarter was $15 million or 16 cents per share against a loss of $28 million or a loss of 33 cents per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 16 cents. Lower operating expenses led to a higher net income during the quarter. Net income in 2023 was $54 million or 63 cents, up from $30 million or 35 cents reported in 2022. United States Cellular Corporation Pri
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News
- TDS and UScellular to release first quarter operating results and host conference call on May 3, 2024PR Newswire
- Here's Why United States Cellular (USM) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts Predict a 27.2% Upside in U.S. Cellular (USM): Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights T-Mobile US, Verizon Communications and United States Cellular [Yahoo! Finance]Yahoo! Finance
- Investors in United States Cellular (NYSE:USM) have seen decent returns of 58% over the past year [Yahoo! Finance]Yahoo! Finance
USM
Earnings
- 2/16/24 - Beat
USM
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- USM's page on the SEC website