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U.S. Cellular: 1Q Earnings Snapshot

CHICAGO (AP) _ United States Cellular Corp. (USM) on Thursday reported first-quarter earnings of $54 million.

On a per-share basis, the Chicago-based company said it had profit of 62 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The wireless telecommunications service provider posted revenue of $966 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $983 million.

U.S. Cellular shares have dropped 5.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $49.11, a rise of 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USM at https://www.zacks.com/ap/USM