United States Cellular shares are trading lower after the company reported worse-than-expeted Q3 revenue results and revised its FY24 service revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
United States Cellular shares declined following the release of disappointing Q3 revenue results and a downward revision of FY24 service revenue guidance.
November 01, 2024 | 7:44 pm
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NEGATIVE IMPACT
United States Cellular reported Q3 revenue results that were worse than expected and revised its FY24 service revenue guidance downwards, leading to a decline in its stock price.
The company's worse-than-expected Q3 revenue results and the downward revision of FY24 service revenue guidance are negative indicators for investors, likely causing a decline in stock price. The market often reacts negatively to such earnings reports and guidance revisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100