From Nasdaq:

Shares of United States Cellular (NYSE: USM) fell 17.4% after releasing underwhelming results for the fourth quarter of 2023, with revenue declining 4.6% but net income improving at $14 million, or $0.16 per share. The CEO is pleased with the improvements in profitability, despite experiencing challenging subscriber results in an aggressive competitive environment. For the full-year 2024, U.S. Cellular issued guidance for service revenue between $2.95 billion to 3.05 billion and adjusted EBITDA of $920 million to $1.02 billion. However, analysts’ expectations weren’t met, and investors are cautious about positive momentum for the company’s stock.



Read more: Why United States Cellular Stock Dropped Today