United Cellular Slips To Loss In Q2 - Quick Facts

(RTTNews) - United States Cellular Corp. (USM) Friday reported loss in the second quarter compared with a profit last year. Revenues were down 4 percent year-on-year.

Net loss attributable to U.S. Cellular shareholders amounted to $18.8 million or $0.22 per share compared with a profit of $143.4 million or $1.69 per share in the comparable period last year. On average, 6 analysts polled by Thomson Reuters expected loss of $0.15 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total operating revenue decreased to $957.8 million from $995.1 million last year, while analysts estimated revenues of $923.29 million.

Looking ahead, for the fiscal 2014, the company expects to generate operating revenues in the range of $3.9 billion -$4.0 billion. Adjusted income, before income taxes is expected to range between $350 million and $450 million. Analysts forecast revenue of $3.68 billion.