Revenue Update on United States Cellular Corp(NYSE:USM)

United States Cellular Corp(NYSE:USM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $980.00M. Analysts estimated a revenue of $973.14M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.23.

United States Cellular Corp (USM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.13% or 0.05 points. Due to strong positive momentum, the stock ended at $38.07, which is also near the day’s high of $38.21. The stock began the session at $38.21 and the volume stood at 1,10,740 shares. The 52-week high of the shares is $45.87 and the 52 week low is $32.72. The company has a current market capitalization of $3,229 M and it has 8,48,07,438 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, J Samuel Crowley (director) sold 2,025 shares at $42.83 per share price.Also, On Mar 29, 2016, Ronald E Daly (director) sold 1,926 shares at $43.30 per share price.On Mar 21, 2016, Harry J Jr Harczak (director) sold 1,600 shares at $41.83 per share price, according to the Form-4 filing with the securities and exchange commission.

United States Cellular Corporation (U.S. Cellular) is a provider of Wireless telecommunication services. The Company provides these services to approximately 4.8 million customers in 23 states. U.S. Cellular provides service to postpaid and prepaid customers from a variety of segments. The Company focuses on retail consumers government and small-to-mid-size business customers in vertical industries such as construction retail professional services and real estate. These customers are served through U.S. Cellular’s retail and direct sales channels. Its postpaid customers choose from a variety of national plans with voice messaging and data usage options. U.S. Cellular offers Shared Data plans that include unlimited voice minutes and text messaging combined with a variety of data usage options. U.S. Cellular operates four regional customer care centers. It offers a range of Wireless devices such as handsets modems mobile hotspots home phone and tablets for use by its customers.

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