United States Cellular Q2 EPS $0.20 Beats $0.14 Estimate, Sales $927.00M Beat $925.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
United States Cellular (NYSE:USM) reported Q2 earnings per share of $0.20, beating the analyst estimate of $0.14 by 42.86%. Sales were $927 million, slightly above the $925.08 million estimate. Despite the earnings beat, sales decreased by 3.13% compared to the same period last year.
August 02, 2024 | 11:36 am
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United States Cellular (NYSE:USM) reported Q2 earnings per share of $0.20, beating the analyst estimate of $0.14 by 42.86%. Sales were $927 million, slightly above the $925.08 million estimate. Despite the earnings beat, sales decreased by 3.13% compared to the same period last year.
The significant earnings beat (42.86% above estimates) is likely to positively impact USM's stock price in the short term. However, the slight sales beat and year-over-year sales decline may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100