United States Cellular Corporation(USM)- NYSE
  • Fri, Aug. 5, 5:18 PM
    • Telephone & Data Systems (TDS +1.4%) gained again alongside strong results from U.S. Cellular (USM +2.1%), beating on top and bottom lines in Q2 despite flat revenues.
    • Revenues rose fractionally at U.S. Cellular, of which TDS holds a heavy majority. It was the same in TDS consolidated results, where revenues rose just $7M to $1.283B. Net income rose to $28M from a year-ago $23M.
    • Customers had gained at U.S. Cellular; separate from that, TDS Telecom saw wireline connections rise 0.4% Y/Y to 590,200, up from the previous quarter's 585,800. Voice connections fell to 316,800 from last year's 329,000; broadband connections gained to 232,200 from 231,200; IPTV rose to 41,200 from 27,900.
    • Residential revenue per connection of $43.67 was up vs. a year-ago $42.10 and last quarter's $43.28.
    • TDS affirmed full-year guidance (U.S. Cellular had affirmed its own guidance as well): consolidated revenues of $5.04B-$5.29B, and EBITDA of $1B-$1.165B.
    • Press Release
    | Fri, Aug. 5, 5:18 PM
  • Fri, Aug. 5, 5:01 PM
    • U.S. Cellular (NYSE:USM) gained 2.1% today after it logged a rebound quarter with higher revenues and beats on top and bottom lines.
    • Revenue crept up fractionally to $980M, and net income rose 42%.
    • Net postpaid additions came to 36,000, bringing total postpaid customers to 4.49M. Net prepaid adds of 14,000 brought that customer base to 413,000.
    • Revenue breakout: Service, $762M (down 8%); Equipment sales, $218M (up 44%).
    • Postpaid ARPU was $47.37, down from a year-ago $53.62 and last quarter's $48.13. Prepaid ARPU fell to $34.58 from a year-ago $35.98 and last quarter's $35.51.
    • It affirmed full-year guidance: revenues of $3.9B-$4.1B and EBITDA of $725M-$850M.
    • Press Release
    | Fri, Aug. 5, 5:01 PM
  • Fri, Aug. 5, 7:52 AM
    • United States Cellular (NYSE:USM): Q2 EPS of $0.32 beats by $0.09.
    • Revenue of $980M (+0.4% Y/Y) beats by $6.86M.
    • Press Release
    | Fri, Aug. 5, 7:52 AM
  • Thu, Aug. 4, 5:30 PM
    | Thu, Aug. 4, 5:30 PM | 1 Comment
  • Fri, May 6, 1:20 PM
    • Disappointing results at U.S. Cellular (USM -11.1%) again presaged a tumble at Telephone & Data Systems (TDS -8.9%) after earnings, where it missed on top and bottom lines.
    • Revenues at U.S. Cellular (of which TDS holds a heavy majority) dipped 0.8%; they also declined 0.8% in consolidated TDS results as the TDS Telecom operation was nearly flat ($281M vs. a year-ago $280M).
    • Customers gained again at U.S. Cellular; aside from that, TDS Telecom saw wireline connections rise Q/Q, to 585,800. They were down from the prior year's 588,400. On Y/Y basis, voice connections fell to 318,400 from 333,400, broadband connections fell to 229,100 from 229,400, and IPTV marked strong gains, to 38,300 from 25,600.
    • Residential revenue per connection was $43.28, up vs. Q4 ($41.24) and a year ago ($42.32).
    • Outside guidance at U.S. Cellular, TDS Telecom affirmed its own guidance for 2016 revenues of $1.13B-$1.18B (and so total consolidated revenue of $5.04B-$5.29B), and EBITDA of $270M-$310M (total consolidated EBITDA of $1B-$1.165B).
    • Press Release
    | Fri, May 6, 1:20 PM
  • Fri, May 6, 12:58 PM
    • U.S. Cellular (NYSE:USM) has fallen again after earnings, -12%, as revenues declined and the company missed profit expectations substantially.
    • Revenue breakout: Service, $760M (down 8%); Equipment Sales, $198M (up 45%).
    • Net postpaid additions came to 45,000, bringing total postpaid customers to 4.454M. Net prepaid adds of 12,000 brought that customer total to 399,000.
    • Postpaid ARPU was $48.13, down from a year-ago $54.87 and Q4's $51.46. Prepaid ARPU was $35.51, vs. a year-ago $35.72 and down sequentially from $35.54.
    • It's affirming guidance for full-year revenues of $3.9B-$4.1B (vs. consensus of $3.97B) and EBITDA of $725M-$850M (vs. expected $791M).
    • Press Release
    | Fri, May 6, 12:58 PM
  • Fri, May 6, 8:00 AM
    • United States Cellular (NYSE:USM): Q1 EPS of $0.10 misses by $0.16.
    • Revenue of $958M (-0.8% Y/Y) misses by $17.54M.
    • Press Release
    | Fri, May 6, 8:00 AM
  • Thu, May 5, 5:30 PM
    | Thu, May 5, 5:30 PM | 5 Comments
  • Fri, Feb. 19, 10:54 AM
    • Telephone & Data Systems (NYSE:TDS) has tumbled 11.2% after disappointing Q4 results were paced by a revenue decline at U.S. Cellular (USM -8.7%).
    • A 2.3% drop in sales at U.S. Cellular, of which TDS owns 84%, was mirrored at the parent, where revenues dropped to $1.27B.
    • Aside from customer gains at U.S. Cellular, TDS Telecom saw residential wireline connections falling again, to 582,700, with Y/Y declines in both Voice (-16,100) and Broadband (-700 connections). IPTV connections showed solid growth, to 34,400 connections from a year-ago 23,400.
    • Commercial wireline connections fell to 341,000 from 358,100. Cable connections, however, increased 13,000 to 280,300 total.
    • Conference call link
    | Fri, Feb. 19, 10:54 AM
  • Fri, Feb. 19, 10:25 AM
    • U.S. Cellular (NYSE:USM) has slid 6.5% following a Q4 earnings report where revenues fell well short of expectations and average revenue per user fell off.
    • Overall revenues fell 2.3%. EBITDA again came in well ahead of expectations, at $137M vs. $76.5M expected.
    • It showed net postpaid additions of 68,000, to come to a total of 4.41M subscribers; net prepaid adds of 7,000, to come to 387K total. Billed ARPU was $49.40, well down from a year-ago $53.63.
    • The company's guiding to 2016 revenues of $3.9B-$4.1B -- flat at the midpoint from 2015 -- and EBITDA of $725M-$850M. It's expecting capex of about $500M vs. $533M in 2015.
    • Conference call to come at 10:30 a.m. ET.
    | Fri, Feb. 19, 10:25 AM
  • Fri, Feb. 19, 8:15 AM
    • United States Cellular (NYSE:USM): Q4 EPS of -$0.02 beats by $0.45.
    • Revenue of $987.04M (-2.3% Y/Y) misses by $32.96M.
    | Fri, Feb. 19, 8:15 AM
  • Thu, Feb. 18, 5:30 PM
    | Thu, Feb. 18, 5:30 PM | 8 Comments
  • Nov. 17, 2015, 10:43 AM
    • U.S. Cellular (USM +1.3%) has sold $300M in debt with an eye toward airwaves spending.
    • The company has sold $300M in 7.25% senior notes due 2064. The notes are callable at par beginning Dec. 1, 2020.
    • It expects to use proceeds for general purposes, including potential purchases of wireless spectrum.
    • The FCC plans to auction low-band airwaves by the end of March in a broadcast incentive sale.
    | Nov. 17, 2015, 10:43 AM
  • Oct. 30, 2015, 11:00 AM
    • Telephone & Data Systems (NYSE:TDS) is up 4.2% as the solid results at U.S. Cellular pushed it to its own Q3 beat and a 7% gain in revenues.
    • As in Q2, a swing to profit at U.S. Cellular (NYSE:USM), of which TDS owns 84%, set TDS up for similar success. EPS was $0.46 vs. a year-ago -$1.07.
    • Aside from customer gains at U.S. Cellular, TDS Telecom saw residential wireline connections fall to 587,800 as a Y/Y drop in voice connections (-14,400) overcame a gain in IPTV (+9,600). Residential revenue per connection was $42.83, up from $41.47. Commercial wireline connections fell to 345,600 from 362,300.
    • Cable connections rose to 276,900 from a year-ago 257,300 as net adds in broadband and voice mitigated a slight loss in video.
    • Full-year Guidance was unchanged for its TDS Telecom business, but changes at the cellular business ended up with resulting changes for TDS overall in full-year revenue (down to $5.145B-$5.195B), operating cash flow (up to $825M-$935M), adjusted EBITDA (up to $1B-$1.11B) and capex (down to $825M).
    | Oct. 30, 2015, 11:00 AM
  • Oct. 30, 2015, 10:29 AM
    • U.S. Cellular (NYSE:USM) is up 4.6% after its Q3 report showed a swing to profit and the carrier completed its 4G LTE rollout.
    • Revenues increased by $68.5M Y/Y -- much of which came from the cancellation of a loyalty program where the company recognized $58.2M in previously deferred revenues via expired reward points.
    • EBITDA of $208.1M substantially beat a consensus expectation for $131.6M.
    • It showed net postpaid additions of 17,000 to come to a total of 4.34M subscribers; net prepaid adds of 12,000 to come to 380,000 total. Billed ARPU was $55.42, up from $53.24 a year ago. Smartphones now make up 87% of total handsets sold.
    • The company cut its guidance for full-year revenues to $4B from a previous $4B-$4.1B (vs. an expected $3.98B) while raising its EBITDA guidance to $710M-$790M (over an expected $563.3M). Capex of $600M is unchanged and it now sees operating cash flow of $540M-$620M, up from a previous $440M-$540M.
    • Conference call to come at 10:30 a.m. ET.
    | Oct. 30, 2015, 10:29 AM
  • Oct. 30, 2015, 7:56 AM
    • United States Cellular (NYSE:USM): Q3 EPS of $0.75 may not be comparable to consensus of -$0.02.
    • Revenue of $1.07B (+7.0% Y/Y) beats by $50M.
    | Oct. 30, 2015, 7:56 AM
Company Description
United States Cellular Corp. provides wireless telecommunication services. It provides voice call, messaging and data pricing, plan minutes, incoming calls, texts, picture messages, minutes, mobile-to-mobile service, voice turn-by-turn directions, bluetooth headsets, free incoming calls, e-mail,... More
Sector: Technology
Industry: Wireless Communications
Country: United States