Subject: General Tech | August 3, 2013 - 06:56 PM | Tim Verry
Tagged: us cellular, smartphone, wireless carrier, financial results
US Cellular recently released financial results for the second quarter of 2013. US Cellular, a Chicago-based company, serves approximately 5 million wireless customers in 23 states. It reported second quarter revenue of $911 million, net income of $143.4 million, and Earnings Per Share (EPS) of $1.69.
Compared to the same period last year, US Cellular saw decreased revenue ($1.03 billion in Q2 2012), but increased net income and EPS versus the $52.7 million and $0.62 in Q2 2012 respectively.
Included in the recently-ended second quarter results is $480 million in cash from the de-consolidation "Divesture Transaction" deal.
Looking towards the second half of 2013, US Cellular plans to add Apple devices to its lineup and continue the build out of its 4G LTE cellular network. According to US Cellular, the company expects to see 2013 yearly revenue of $3.615 to $3.715 billion and annual income of up to $700 million.
More information can be found in the press release.