Telephone & Data Systems (TDS) Releases Earnings Results, Beats Expectations By $0.07 EPS

Telephone & Data Systems (TDS) reported quarterly earnings results on Friday, Aug-5-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.18. The company posted revenue of $1283.00 million in the period, compared to analysts expectations of $1268.73 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Telephone & Data Systems opened for trading at $30.78 and hit $30.96 on the upside on Thursday, eventually ending the session at $30.9, with a gain of 0.29% or 0.09 points. The heightened volatility saw the trading volume jump to 3,85,124 shares. Company has a market cap of $3,369 M.

In a different news, on Jun 30, 2016, Scott H Williamson (Senior Vice President) sold 13,146 shares at $28.58 per share price. According to the SEC, on Jun 14, 2016, Clarence A Davis (director) sold 1,400 shares at $28.24 per share price. On Dec 15, 2015, Prudence E Carlson (director) sold 1,385 shares at $26.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Telephone and Data Systems Inc. (TDS) is a diversified telecommunications company. The Company is engaged in providing telecommunications services. TDS conducts its Wireless operations through its subsidiary United States Cellular Corporation (U.S. Cellular). TDS provides Wireline services cable services and hosted and managed services through its wholly-owned subsidiary TDS Telecommunications Corporation. U.S. Cellular offers a range of Wireless devices such as handsets modems mobile hotspots home phone and tablets for use by its customers. TDS Telecom operates in three segments: Wireline which provides retail telecommunications services to residential and commercial customers; Cable which provides colocation and managed services and Hosted and Managed Services which offers a suite of information technology (IT) solutions including cloud and hosting solutions managed services enterprise resource planning application management professional services and IT hardware.

Telephone & Data Systems

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