United States Cellular Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 05:11 pm IST
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United States Cellular Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 963 million compared to USD 1,083 million a year ago. Net income was USD 23 million compared to net loss of USD 12 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to diluted loss per share from continuing operations of USD 0.15 a year ago.
For the nine months, revenue was USD 2,906 million compared to USD 3,120 million a year ago. Net income was USD 40 million compared to USD 58 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.68 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.67 a year ago.
United States Cellular Corporation (UScellular) is a provider of wireless telecommunications services. UScellular provides advanced wireless solutions to consumers and business and government customers. UScellular offers a suite of connected Internet of things (IoT) solutions and software applications across the categories of monitor and control, communication, asset management, smart water solutions, and custom end-to-end IoT solutions. It offers a range of devices such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and IoT devices. In addition, it also offers a range of accessories, including wireless essentials such as cases, screen protectors, chargers, memory cards and consumer electronics and networking products. UScellular offers services that enable customers to replace or repair their devices, including the Device Protection+ program, which provides as soon as next-day delivery of a replacement device for damaged, lost, and stolen devices.