Telephone And Data Systems (TDS) Q3 Earnings Miss Estimates
Zacks Investment Research | Oct 31, 2019 09:11PM ET
Telephone and Data Systems, Inc. (NYSE:TDS) reported mixed third-quarter 2019 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line missed the same. However, significant progress in fiber markets, better network quality with faster broadband connections and noteworthy penetration in ILEC markets helped in boosting customer demand.
Net Income
The parent of U.S. Cellular and TDS Telecom’s net income for the September quarter came in at $18 million or 15 cents per share compared with $46 million or 41 cents per share in the year-ago quarter. The year-over-year decline was primarily driven by higher operating expenses. The bottom line missed the Zacks Consensus Estimate by 8 cents.
Telephone and Data Systems, Inc. Price, Consensus and EPS Surprise
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