United States Cellular Q1 EPS $0.20 Misses $0.27 Estimate, Sales $950.00M Miss $957.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
United States Cellular (NYSE:USM) reported Q1 earnings of $0.20 per share, missing the consensus estimate of $0.27, and sales of $950M, below the expected $957.81M. This represents a 33.33% increase in earnings but a 3.65% decrease in sales from the same period last year.
May 03, 2024 | 11:41 am
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United States Cellular's Q1 earnings and sales both missed analyst estimates, indicating potential challenges in growth and operational efficiency.
Missing both earnings and sales estimates can lead to negative investor sentiment and potentially decrease stock price in the short term. The reported increase in earnings year-over-year may not fully mitigate the impact of missing estimates, especially when coupled with a decrease in sales compared to the previous year.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100