FX.co ★ U.S. Cellular Corp Reveals Rise In Q2 Profit, Beats Estimates

U.S. Cellular Corp (USM) has announced its second-quarter earnings, showcasing an increase compared to the same period last year, surpassing Wall Street's expectations.

The company reported a net income of $17 million, or $0.20 per share, up from $5 million, or $0.05 per share, in the second quarter of the previous year.

Analysts, averaging estimates compiled by Thomson Reuters, had anticipated the company to post earnings of $0.14 per share, typically excluding special items.

However, the company's revenue for the quarter saw a decrease of 3.1%, falling to $927 million from $957 million the previous year.

Key details of U.S. Cellular Corp's earnings (GAAP) for Q2 include:

- Net Income: $17 million, compared to $5 million last year.

- Earnings Per Share (EPS): $0.20, up from $0.05 last year.

- Revenue: $927 million, down from $957 million last year.