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U.S. Cellular: 4Q Earnings Snapshot

CHICAGO (AP) _ United States Cellular Corp. (USM) on Friday reported fourth-quarter profit of $21 million.

The Chicago-based company said it had net income of 23 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The wireless telecommunications service provider posted revenue of $1.05 billion in the period, matching Street forecasts.

For the year, the company reported profit of $150 million, or $1.72 per share. Revenue was reported as $3.97 billion.

U.S. Cellular shares have risen roughly 8 percent since the beginning of the year. The stock has climbed 68 percent in the last 12 months.


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