ADVFN - Advanced Financial Network.
HOME» NYSE » U » USM Stock Price » USM Stock News

United States Cellular Corp Share News

 United States Cellular Corp Stock Price
USM Stock Price
 United States Cellular Corp Stock Chart
USM Stock Chart
 United States Cellular Corp Stock News
USM Stock News
 United States Cellular Corp Company Information
USM Company Information
 United States Cellular Corp Stock Trades
USM Stock Trades

TDS, US Cellular 2Q Profit Decline More Than Expected

DOW JONES NEWSWIRES Second-quarter earnings at Telephone & Data Systems Inc. (TDS) and its U.S. Cellular Corp. (USM) business declined, while U.S. Cellular lost fewer overall subscribers than it did a year earlier. Earnings for both companies missed analysts' expectations, and U.S. Cellular also lowered its guidance for full-year service revenue to $3.93 billion to $4 billion from $3.98 billion to $4.08 billion. TDS President and Chief Executive LeRoy T. Carlson Jr. said the company's results "reflect the intense wireless and wireline competition and the ongoing consumer and business economic uncertainty." Subscribers have left U.S. Cellular recently amid intense competition in the wireless industry. Big carriers have continued adding subscribers, and low-cost prepaid carriers are booming. U.S. Cellular in May tapped Mary Dillon, formerly the global marketing chief of McDonald's Corp. (MCD), to lead the company as its new chief executive. TDS reported a profit of $40.3 million, or 38 cents a share, down from $66.4 million, or 60 cents, a year earlier. Revenue fell 0.8% to $1.23 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 49 cents on $1.25 billion in revenue. The company's physical access lines fell 4.2% from a year earlier and 1% from the prior quarter. Meanwhile, U.S. Cellular posted a profit of $40.8 million, or 47 cents a share, down from $81.8 million, or 94 cents, a year earlier. Revenue fell 1.2% to $1.03 billion. Analysts most recently forecast earnings of 68 cents on $1.04 billion in revenue. The carrier, which operates in 26 states, lost 3,000 net subscribers, breaking a two-quarter streak of subscriber growth. The company lost 88,000 net subscribers a year earlier. It added 7,000 retail subscribers, compared with a loss of 59,000 net retail customers a year earlier. Retail average revenue per user fell by a penny to $46.81, and retail postpaid churn was flat at 1.4%. TDS said on Wednesday that one of its subsidiaries received government approval for broadband expansion in 18 states. The company will receive $85.9 million in federal grants in order to help complete the expansion. Shares of TDS and U.S. Cellular closed at $34.38 and $46.59, respectively, on Wednesday and were inactive premarket. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for United States Cellular Corp (USM)
DateTimeHeadline
04/15/201422:10:16FCC to Set Aside Spectrum for Smaller Wireless Carriers
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:24GAMCO Asset Management Inc. 3Q 13F: Largest Sales
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As -2-
11/14/201307:21:23GAMCO Asset Management Inc. 3Q 13F: Holdings As Of Sep 30
04/26/201317:10:13Sprint Sets June 12 as Tentative Date for SoftBank Vote
04/17/201316:17:17U.S. Wireless Carriers Differ in Pricing Samsung's Flagship Phone
05/04/201209:15:08Telephone & Data 1Q Net Rises 20% As US Cellular Net Jumps 77%
04/30/201210:07:08US Cellular, Alltel Team To Sell Prepaid Service At Walmart
08/08/201108:54:25TDS Profit Soars As US Cellular 2Q Profit Leaps 81%
05/06/201109:04:52TDS 1Q Net Down 14%, US Cellular Sees Net Customer Losses
03/21/201117:18:42CEO: AT&T Expects To Make Concessions For T-Mobile Deal -FT
03/21/201115:37:08Consumer Benefit From AT&T, T-Mobile Deal Is Questionable
02/24/201109:07:28TDS 4Q Profit Up 24%, US Cellular Net Edges Up But Co Loses Subscribers
02/03/201110:00:28US Cellular Expects 2010 Service Revenue Less Than Forecast
11/04/201008:57:17TDS, US Cellular 3Q Profits Rise; TDS Boosts 2010 View
10/27/201010:33:22T-Mobile USA To Be First Carrier To Sell Samsung Tablet
08/26/201001:51:21Ahold Net Profit Up, US Remains Resilient
08/24/201010:11:14McDonald's Promotes Head Of UK Operations To Global Brand Chief
08/05/201009:06:43TDS, US Cellular 2Q Profit Decline More Than Expected

United States Cellular Corp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad