U.S. Cellular Corp (USM) has announced its second-quarter earnings, showcasing an increase compared to the same period last year, surpassing Wall Street's expectations.
The company reported a net income of $17 million, or $0.20 per share, up from $5 million, or $0.05 per share, in the second quarter of the previous year.
Analysts, averaging estimates compiled by Thomson Reuters, had anticipated the company to post earnings of $0.14 per share, typically excluding special items.
However, the company's revenue for the quarter saw a decrease of 3.1%, falling to $927 million from $957 million the previous year.
Key details of U.S. Cellular Corp's earnings (GAAP) for Q2 include:
- Net Income: $17 million, compared to $5 million last year.
- Earnings Per Share (EPS): $0.20, up from $0.05 last year.
- Revenue: $927 million, down from $957 million last year.
