U.S. Cellular reports first quarter 2020 results

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Go back to U.S. Cellular reports first quarter 2020 results

UPDATE: U.S. Cellular (USM) Tops Q1 EPS by 28c, Revenues MIss; Maintains FY20 Services Revenue & Cap. Ex. Outlook

April 30, 2020 4:12 PM EDT

(Updated - April 30, 2020 4:19 PM EDT)

U.S. Cellular (NYSE: USM) reported Q1 EPS of $0.81, $0.28 better than the analyst estimate of $0.53. Revenue for the quarter came in at $963 million versus the consensus estimate of $971.52 million.

"Now, more than ever, wireless connectivity is an essential service, and U.S. Cellular is managing through these unprecedented times by focusing on our customers and our associates, while keeping our network strong," said Kenneth R. Meyers, U.S. Cellular President and CEO. "Our entire organization has risen to meet this crisis and the massively-changed... More