U.S. Cellular Raises 2018 Guidance On Profitability - Quick Facts

(RTTNews) - United States Cellular Corp. (USM) announced, for 2018, the company now estimates adjusted EBITDA in the range of $925 million to $1.00 billion, revised from previous guidance range of $850-$950 million. Total operating revenues are now expected in a range of $3.95-$4.00 billion, updated from previous guidance range of $3.925 billion to $4.025 billion.

Net income attributable to shareholders and earnings per share were $36 million and $0.41, respectively, for the third quarter of 2018. Total operating revenues were $1.00 billion, versus $963 million for the same period one year ago.