Array Digital Infrastructure, Inc., formerly known as United States Cellular Corporation, has released its pro forma condensed consolidated financial statements for the year ended December 31, 2024. The company reported total operating revenues of $3.77 billion, which after the disposal of wireless operations, decreased by $3.67 billion, resulting in pro forma operating revenues of $73 million. For the three months ended March 31, 2025, the pro forma operating revenues were reported at $45 million, following a significant reduction from the $891 million as reported initially. The changes are largely attributed to the disposal of wireless operations, which impacted both service and equipment sales. The company has also noted a significant change in its earnings per share $(EPS)$ from continuing operations. For the year ended December 31, 2023, diluted EPS stood at $0.63, which, after adjustments, resulted in a pro forma EPS of $0.11. These changes reflect the strategic shift in operations following the disposal of its wireless operations, aligning with the company's revised business focus. No specific outlook or guidance has been provided in this release.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U.S. Cellular - United States Cellular Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-073368), on August 04, 2025, and is solely responsible for the information contained therein.
Comments