United States Cellular Q4 EPS $0.16 Beats $0.04 Estimate, Sales $1.00B Beat $984.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
United States Cellular (NYSE:USM) reported Q4 earnings of $0.16 per share, surpassing the $0.04 estimate, marking a 300% beat and a significant turnaround from last year's $(0.33) loss per share. Sales reached $1.00B, exceeding the $984.23M estimate by 1.60%, despite a 4.58% decrease from the previous year's $1.05B.
February 16, 2024 | 12:37 pm
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POSITIVE IMPACT
United States Cellular reported a significant beat on Q4 earnings and sales, outperforming analyst expectations with a notable recovery from the previous year's losses.
The substantial beat on both earnings per share and sales, compared to analyst estimates, indicates a strong financial performance and operational efficiency. The positive earnings report, especially the significant improvement from last year's losses, is likely to instill investor confidence and could lead to a short-term uptick in USM's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100