News

United States Cellular Reports Q2 Earnings

1 Mins read

United States Cellular, a wireless phone company, has announced its second-quarter earnings, falling short of analysts’ expectations. However, the company has witnessed higher revenue during this period.

Strategic Alternatives Considered for UScellular

The boards of directors of Telephone and Data Systems and United States Cellular have initiated discussions on exploring strategic alternatives for UScellular, leading to a temporary halt in premarket trading of UScellular shares at $17.50.

Quarterly Performance

In Q2, United States Cellular recorded earnings of $5 million, or 5 cents per share. This figure is lower than the earnings of $21 million, or 25 cents per share, reported in the same period last year. Analysts surveyed by FactSet were anticipating earnings of $17 million, or 9 cents per share.

The company’s revenue for the quarter totaled $957 million, compared to $1.03 billion in the previous year and the projected $993 million by analysts.

Customer Growth and Churn Reduction

UScellular achieved an 8% reduction in postpaid handset churn during the second quarter. Additionally, the company experienced a significant surge in Fixed Wireless customers, with a growth rate of 66% to 96,000.

Revised Revenue Guidance

The company has revised its service revenue guidance for 2023. The new estimate ranges from $3.05 billion to $3.15 billion, surpassing its earlier projection of $3.025 billion to $3.075 billion.

Related posts
News

What happens if $FUN hits $0.10? Price scenarios, holder behaviour, and post-breakout plans

3 Mins read
What if a simple $100 investment today could become $1,000 by Christmas? FUNToken sits at $0.009978 on June 30, 2025, just pennies…
News

AAS MINER Announces the Launch of an Innovative Free Cloud Mining Mobile App for Crypto Enthusiasts Worldwide, Opening a New Era of Digital Asset Mining

4 Mins read
LONDON, UK, July 04, 2025 (GLOBE NEWSWIRE) — AAS MINER Announces the Launch of an Innovative Free Cloud Mining Mobile App for…
News

Is Strategy Stock (MSTR) Still a Buy After a 210% Jump?

1 Mins read
Strategy (MSTR) stock has soared about 210% over the past year, fueled by its bold bet on Bitcoin (BTC). For many investors,…

Leave a Reply

Your email address will not be published. Required fields are marked *