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Jun 30, 2020
U.S. Cellular Q2 2020 Earnings Report
U.S. Cellular's results were impacted by the pandemic, but the company generated solid results.
Key Takeaways
U.S. Cellular reported total operating revenues of $973 million for the second quarter of 2020, which is equal to the same period one year ago. Net income attributable to U.S. Cellular shareholders and related diluted earnings per share were $68 million and $0.78, respectively, for the second quarter of 2020 compared to $31 million and $0.35, respectively, in the same period one year ago.
Total operating revenues of $973 million, equal to the same period one year ago.
Service revenues totaled $753 million, down 1% compared to the same period a year ago.
Net income attributable to U.S. Cellular shareholders was $68 million compared to $31 million in the same period one year ago.
Diluted earnings per share were $0.78 compared to $0.35 in the same period one year ago.
Forward Guidance
U.S. Cellular’s current estimates of full-year 2020 results are shown below. Such estimates represent management’s view as of August 6, 2020 and should not be assumed to be current as of any future date.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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