U.S. Cellular Q1 Profit Increases - Quick Facts

(RTTNews) - United States Cellular Corp. (USM) said that its first-quarter net income attributable to shareholders grew to $19.48 million from last year's $4.91 million, with earnings per share improving to $0.23 from $0.06 in the comparable period one year ago.

Service revenues for the quarter were $853.6 million, versus $996.3 million for the same period one year ago. Total operating revenues for the quarter declined to $925.81 million from last year's $1.08 billion.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.51 per share and revenues of $916.48 million for the quarter. Analysts' estimates typically exclude special items.

Year-over-year comparisons are affected by the divestiture transaction and the deconsolidation of certain partnerships, both in 2013.

Capital expenditures for 2014 are expected to be approximately $640 million, down from $738 million in 2013.