U.S. Cellular: Q4 Earnings Snapshot

CHICAGO (AP) — CHICAGO (AP) — United States Cellular Corp. (USM) on Thursday reported a loss of $28 million in its fourth quarter.

On a per-share basis, the Chicago-based company said it had a loss of 33 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

The wireless telecommunications service provider posted revenue of $1.05 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.09 billion.

For the year, the company reported profit of $30 million, or 35 cents per share. Revenue was reported as $4.17 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USM at https://www.zacks.com/ap/USM

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up