United States Cellular Corp (USM) Releases Earnings Results, Misses Expectations By $-0.13 EPS

United States Cellular Corp (USM) reported quarterly earnings results on Friday, May-6-2016. The company reported $0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.13. Analysts had a consensus of $0.23. The company posted revenue of $958.00 million in the period, compared to analysts expectations of $975.59 million. The company’s revenue was down -.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS.

Many Wall Street Analysts have commented on United States Cellular Corp. Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Underperform” and Lowered the Price Target to $ 33 from a previous price target of $37 .

United States Cellular Corp closed down -0.64 points or -1.47% at $42.76 with 50,050 shares getting traded on Wednesday. Post opening the session at $43.29, the shares hit an intraday low of $42.39 and an intraday high of $43.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 3, 2016, J Samuel Crowley (director) sold 2,025 shares at $42.83 per share price. According to the SEC, on Mar 29, 2016, Ronald E Daly (director) sold 1,926 shares at $43.30 per share price. On Mar 21, 2016, Harry J Jr Harczak (director) sold 1,600 shares at $41.83 per share price, according to the Form-4 filing with the securities and exchange commission.

United States Cellular Corporation (U.S. Cellular) is a provider of Wireless telecommunication services. The Company provides these services to approximately 4.8 million customers in 23 states. U.S. Cellular provides service to postpaid and prepaid customers from a variety of segments. The Company focuses on retail consumers government and small-to-mid-size business customers in vertical industries such as construction retail professional services and real estate. These customers are served through U.S. Cellular’s retail and direct sales channels. Its postpaid customers choose from a variety of national plans with voice messaging and data usage options. U.S. Cellular offers Shared Data plans that include unlimited voice minutes and text messaging combined with a variety of data usage options. U.S. Cellular operates four regional customer care centers. It offers a range of Wireless devices such as handsets modems mobile hotspots home phone and tablets for use by its customers.

United States Cellular Corp

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