United States Cellular Reverses To Profit In Q4 - Quick Facts

(RTTNews) - United States Cellular Corp. (USM) posted fourth-quarter 2013 net income attributable to shareholders of $1.6 million, or $0.02 a share, versus a loss of $39.6 million, or $0.47 a share, last year. On average, 2 analysts polled by Thomson Reuters expected loss per share of $0.80 for the quarter. Analysts' estimates typically exclude one-time items.

However, service revenues for the quarter were $825.13 million, down by 18%, compared with $1.0 billion for the comparable period one year ago. Three-month total operating revenues slid 19% year-over-year to $902.72 million, from $1.12 billion. Four analysts estimated revenues of $938.2 million for the quarter.

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