U.S. Cellular (USM) Misses Q1 EPS by 16c

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Go back to U.S. Cellular (USM) Misses Q1 EPS by 16c

U.S. Cellular reports first quarter 2016 results

May 6, 2016 7:53 AM EDT

CHICAGO, May 6, 2016 /PRNewswire/ -- United States Cellular Corporation (NYSE: USM) reported total operating revenues of $958 million for the first quarter of 2016, versus $965 million for the same period one year ago. Net income attributable to U.S. Cellular shareholders and related diluted earnings per share were $9 million and $0.10, respectively, for the first quarter of 2016, compared to $160 million and $1.89, respectively, in the same period one year ago.  Year-over-year comparisons are affected by pre-tax gains of $234 million ($145 million after-tax) from sales and exchanges of businesses and licenses in 2015.

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