United States Cellular Corporation (USM) - NYSE
  • 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, 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
    • Press Release
    | 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.
    • Press Release
    | Fri, Feb. 19, 10:25 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
  • Jul. 31, 2015, 10:17 AM
    • Telephone & Data Systems (NYSE:TDS) is up 4.2% after strong profits at U.S. Cellular drove its own EPS beat, and revenues grew more than 3% from the prior year.
    • A swing to profit at U.S. Cellular (NYSE:USM), of which TDS owns 84%, paced a swing at TDS to $23M profit from a year-ago loss of $22.1M.
    • Along with postpaid customer growth at USM, TDS Telecom grew IPTV customers, to 27.9K from Q1's 25.6K and a year-ago 18.2K. Residential voice connections declined Y/Y to 329K from 346.1K, and residential broadband connections declined Y/Y as well, to 231.2K from 232.7K.
    • Overall, residential wireline connections were down about 1.5%, to 588,100. Residential revenue per connection was $42.10, up from last year's $41.05. Commercial wireline connections were down about 4%, to 350.6K.
    • With U.S. Cellular raising guidance for the second straight quarter, TDS has boosted its own targets. It sees a narrower range of full-year revenues of $5.145B-$5.295B, and EBITDA of $890M-$1.02B, up from $870M-$1B. Guidance for the TDS Telecom business is unchanged (full-year revenues of $1.13B-$1.18B, and EBITDA of $280M-$310M).
    | Jul. 31, 2015, 10:17 AM
  • Jul. 31, 2015, 9:59 AM
    • U.S. Cellular (NYSE:USM) has charged higher, up 6.3% after EPS beat expectations and the company boosted its outlook for earnings and cash flow for the full year.
    • Revenues missed slightly at $975.7M despite 2% growth. EBITDA of $163.4M beat an expected $156M, and net income swung overall to $19.4M from a year-ago loss of $18.8M.
    • Revenue breakout: Service, $824.4M (down 2%); Equipment Sales, $151.3M (up 32%).
    • The company added 17K net postpaid subscribers, and net 8K prepaid. Smartphones sold as a percent of total handsets rose to 86.7%.
    • "We are focused on continuing to grow our customer base and increasing revenue and operating cash flow in 2015 by offering innovative services and exciting devices that run on our high-quality network," said CEO Kenneth Meyers. "Our 4G LTE network will cover 98 percent of customers by the end of the year."
    • For the full year, the company narrowed revenue expectations (to $4B-$4.1B, in line) but raised expected operating cash flow to $440M-$540M, from $400M-$500M, and boosted guidance for EBITDA to $600M-$700M (higher than a consensus $600M) from its previous $580M-$680M.
    | Jul. 31, 2015, 9:59 AM
  • May 1, 2015, 1:10 PM
    • Telephone & Data Systems (NYSE:TDS) is up 8.2%, making a new 52-week high, after posting Q1 results that beat EPS expectations, though revenue fell short of consensus.
    • EPS of $1.33 (from net income of $145.7M), when adjusted, came to break-even vs. expectations of a loss of $0.01. Results were driven by those at U.S. Cellular (NYSE:USM), of which TDS owns 84%.
    • Aside from U.S. Cellular's 9K net postpaid customer adds, at the TDS Telecom wireline business, residential connections slipped to 588.4K from a year-ago 593.6K, but residential revenue per connection was up to $42.32 from the prior year's $40.79.
    • Commercial wireline connections were 355K, down from 369.8K last year.
    • Cable connections grew to 271K from last year's 149.4K.
    • Along with U.S. Cellular's raised guidance, TDS raised guidance for 2015 EBITDA to $870M-$1B, from $820M-$950M (vs. an expected $816M), and for operating cash flow to $685M-$815M from $635M-$765M.
    | May 1, 2015, 1:10 PM
  • May 1, 2015, 12:46 PM
    • U.S. Cellular (NYSE:USM) is up 4.1% today in the wake of a Q1 report where it grew revenues more than 4% and beat EPS expectations.
    • Net income of $160.1M was up from a prior-year $19.4M, boosted by gains on divesting businesses ($111.5M) and on license sales ($122.9M). EPS of $1.89, when adjusted, came to $0.24 vs. an expected $0.02.
    • Net postpaid customer adds were 9K; churn rate was 1.5%, down from Q4's 1.6% and the prior year's 2.3%. ARPU was down to $54.87 from Q4's $56.51, and ARPA was down to $134.94 from Q4's $136.13, but up from a year-ago $132.03.
    • It says its 4G LTE network will cover 98% of customers by year's end.
    • The company raised full-year guidance on adjusted EBITDA to $580M-$680M from a previous $530M-$630M, vs. consensus expectations of $552M, and guided to higher operating cash flow of $400M-$500M from a previous $350M-$450M.
    | May 1, 2015, 12:46 PM
  • Feb. 25, 2015, 10:10 AM
    • U.S. Cellular (NYSE:USM) is 4.2% higher after posting a narrower loss than expected. Total operating expenses grew 13% against revenue's 12% increase, largely due to a loss on sale of license sales and exchanges. Operating loss was $49.6M.
    • The company ended 2014 with 4.3M postpaid customers after net adds of 98K, its second straight quarter of net postpaid adds. Prepaid total was 348K customers after a net loss of 2K.
    • ARPU was $56.51 for postpaid customers, $35.33 for prepaid. Churn declined Y/Y: for postpaid customers, to 1.6% from 1.9%, and for prepaid, to 5.9% from 8.3%.
    • Capex of $181.7M was up sequentially but down from prior year's $208.1M.
    • The company guided to full-year 2015 revenues of $4B-$4.2B, in line with expectations, and adjusted EBITDA of $530M-630M, higher than an expected $473M.
    | Feb. 25, 2015, 10:10 AM
  • Aug. 5, 2014, 12:47 PM
    | Aug. 5, 2014, 12:47 PM
  • Aug. 4, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: GTAT +12.0%. USM +11.8%. CHGG +9.1%. RT +6.5%. QUIK +5.9%.
    • Top losers, as of 5:15 p.m.: FIVN -27.4%. SALE -19.0%. LF -8.9%. OESX -6.0%. IMPV -6.0%.
    | Aug. 4, 2014, 5:35 PM
  • Mar. 3, 2014, 9:32 AM
    • Autodesk (ADSK -2.7%) has been cut to Sell by Citi. Shares initially rose last week in response to the CAD software giant's FQ4 revenue beat and strong top-line guidance, but later sold off.
    • Intuit (INTU +0.3%) has been upgraded to Buy by Citi.
    • RF Micro (RFMD +0.7%) has been upgraded to Buy by BofA/Merrill.
    • Infosys (INFY -2%) has been cut to Neutral by Baird.
    • Intelsat (I -3.5%) has been cut to Neutral by JPMorgan.
    • Procera (PKT -1.2%) has been cut to Buy from Strong Buy by Needham in the wake of last Thursday's Q4 miss.
    • TDS (TDS +3.8%) and U.S. Cellular (USM +3.3%) have been upgraded to Overweight by JPMorgan.
    | Mar. 3, 2014, 9:32 AM
  • Oct. 18, 2013, 9:34 AM
    • AMD (AMD -12.7%) has been cut to Neutral by BofA/Merrill after beating Q3 estimates and providing above-consensus Q4 revenue guidance, but also reporting a 15% Y/Y drop in CPU division sales due to PC weakness.
    • Verizon (VZ +0.8%) has been upgraded to Buy by Stifel a day after beating Q3 estimates and reporting better-than-expected mobile subscriber adds.
    • Amazon (AMZN +2.4%) has been upgraded to Buy by UBS ahead of its Oct. 24 Q3 report.
    • VMware (VMW +2.8%) has been upgraded to Overweight by JPMorgan ahead of Monday's Q3 report.
    • T-Mobile USA (TMUS +2.7%) has been added to Goldman's Conviction Buy list ahead of its Nov. 5 Q3 report.
    • Intuit (INTU +2.6%) has been upgraded to Buy by BofA/Merrill.
    • Align Technology (ALGN +24.4%) has been upgraded to Buy by Cantor following its Q3 beat.
    • LG Display (LPL -0.2%) has been cut to Hold by Craig-Hallum after issuing a Q4 warning.
    • Ultratech (UTEK -10.2%) has been cut to Hold by Canaccord following its Q3 miss.
    • Sierra Wireless (SWIR -1%) has been cut to Market Perform by Raymond James; Q3 results arrive on Nov. 7.
    • Aspen Technology (AZPN -0.9%) has been cut to Neutral by JPMorgan.
    • Analog chipmakers International Rectifier (IRF -1.7%) and Monolithic Power (MPWR -1.3%) have been cut to Market Perform by Wells Fargo.
    • U.S. Cellular (USM -1.2%) has been started at Underperform by FBR.
    | Oct. 18, 2013, 9:34 AM
  • Jun. 7, 2013, 12:45 PM
    Midday top 10 gainers: OSH +23%. WSBF +19%. OPTT +17%. CSFS +14%. BDBD +13%. JKS +11%. ROSG +11%. THO +10%. ECTY +10%. KFS +9%.
    Midday top 10 Losers: FSGI -56%. TIVO -17%. USM -17%. IRM -16%. ZQK -12%. JRCC -11%. LQDT -11%. AFFY -10%. CBPO -10%. TRUE -8%.
    | Jun. 7, 2013, 12:45 PM
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