U.S. Cellular Corp. (USM) Misses Q3 EPS by 17c; Boosts FY12 Outlook; to Sell Spectrum to Sprint (S)
Get Alerts USM Hot Sheet
Price: $36.24 +1.31%
EPS Growth %: +60.0%
Financial Fact:
Total operating revenues: 1.01B
Today's EPS Names:
RUSHA, SEIC, OSBC, More
EPS Growth %: +60.0%
Financial Fact:
Total operating revenues: 1.01B
Today's EPS Names:
RUSHA, SEIC, OSBC, More
Join SI Premium – FREE
U.S. Cellular Corp. (NYSE: USM) reported Q3 EPS of $0.42, $0.17 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.12 billion.
U.S. Cellular Corp. sees FY2012 revenue of $4.075-4.125 billion, versus prior guidance of $4.505-4.150 billion and the consensus of $4.43 billion.
In a separate release, U.S. Cellular also announced today two strategic actions designed to increase focus on markets where it has strong positions and streamline operations to increase overall efficiency and effectiveness. The company has entered into a definitive agreement with Sprint (NYSE: S), who will purchase its customers and PCS spectrum in certain Midwest markets. U.S. Cellular will also transition the operations of its Bolingbrook, Ill., customer care center to an existing vendor partner. Further information can be found on the U.S. Cellular Investor Relations website.
For earnings history and earnings-related data on U.S. Cellular Corp. (USM) click here.
U.S. Cellular Corp. sees FY2012 revenue of $4.075-4.125 billion, versus prior guidance of $4.505-4.150 billion and the consensus of $4.43 billion.
In a separate release, U.S. Cellular also announced today two strategic actions designed to increase focus on markets where it has strong positions and streamline operations to increase overall efficiency and effectiveness. The company has entered into a definitive agreement with Sprint (NYSE: S), who will purchase its customers and PCS spectrum in certain Midwest markets. U.S. Cellular will also transition the operations of its Bolingbrook, Ill., customer care center to an existing vendor partner. Further information can be found on the U.S. Cellular Investor Relations website.
For earnings history and earnings-related data on U.S. Cellular Corp. (USM) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
- Biogen (BIIB) tops earnings expectations but revenue falls short
- Fortive (FTV) Tops Q1 EPS by 4c ; Offers Guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Mergers and AcquisitionsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!