Telephone And Data Systems (TDS) Q4 Earnings Beat Estimates
Zacks Investment Research | Feb 20, 2020 08:47PM ET
Telephone and Data Systems, Inc. (NYSE:TDS) reported healthy fourth-quarter 2019 results, wherein both the top and bottom line surpassed the Zacks Consensus Estimate. Significant progress in fiber markets, accretive subscriber base and expansion in international markets drove its performance.
Net Income
Net income of U.S. Cellular and TDS Telecom’s parent firm in the December quarter was $12 million or 10 cents per share compared with $16 million or 14 cents per share in the year-ago quarter. The year-over-year decline was primarily due to higher operating expenses. However, the bottom line surpassed the Zacks Consensus Estimate by 7 cents. In full-year 2019, net income came in at $121 million or $1.03 per share compared with $135 million or $1.17 per share in 2018.
Telephone and Data Systems, Inc. Price, Consensus and EPS Surprise
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