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U.S. Cellular (USM) Tops Q4 EPS by 6c, Revenues Beat

February 18, 2021 4:07 PM EST

U.S. Cellular (NYSE: USM) reported Q4 EPS of $0.06, $0.06 better than the analyst estimate of $0.00. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.06 billion.

"UScellular met the challenges of 2020 successfully, as we closed out the year with strong results - a testament to the essential nature of our services, our talented and resilient team, and our unwavering commitment to keeping our customers connected," said Laurent Therivel, UScellular President and CEO.

"2020 was a strong year for UScellular. Notwithstanding the challenges of the pandemic, we maintained high levels of customer satisfaction and grew retail net additions. Growth in operating revenue, combined with maintaining operational and cost discipline, contributed to an increase in full year profitability. Our network modernization program and investments in 5G continued, and despite significant increases in data usage, we were able to keep system expenses in check.

"I look forward to building on the momentum of 2020 as we move into the new year. Connecting our customers, especially in underserved areas, with the highest-quality network is one of our top priorities and remains a key competitive differentiator. We will be focused on market share expansion, ramping up business opportunities that utilize 5G and IoT, enhancing our digital experience, and continuing our network modernization programs."

For earnings history and earnings-related data on U.S. Cellular (USM) click here.



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