Telephone and Data Systems Swings to Q1 Profit, Operating Revenue Falls-April 2024-www.financetom.com

Telephone and Data Systems Swings to Q1 Profit, Operating Revenue Falls

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Telephone and Data Systems Swings to Q1 Profit, Operating Revenue Falls

May 3, 2024 6:41 AM

09:26 AM EDT, 05/03/2024 (MT Newswires) -- Telephone and Data Systems ( TDS/PV ) reported Q1 earnings Friday of $0.10 per diluted share, swinging from a loss of $0.08 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.12.

Operating revenue for the quarter ended March 31 was $1.26 billion, down from $1.30 billion a year earlier.

Two analysts surveyed by Capital IQ expected $1.26 billion.

For 2024, the company continues to expect service revenue of $2.95 billion to $3.05 billion from its United States Cellular (USM) unit and operating revenue of $1.07 billion to $1.10 billion from its TDS Telecom unit.

Shares of the company were up 1.5% in recent Friday premarket activity.

Price: 16.45, Change: +0.24, Percent Change: +1.48

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