Telephone and Data Systems Inc reports results for the quarter ended March 31 - Earnings Summary

• Telephone and Data Systems Inc TDS.N reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of three analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 6 cents per share.

• Revenue fell 8.6% to $1.15 billion from a year ago; analysts expected $1.20 billion.

• Telephone and Data Systems Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $10 million.

• Telephone and Data Systems Inc shares had fallen by 2.8% this quarter and gained 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 110.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "hold"

• Wall Street's median 12-month price target for Telephone and Data Systems Inc is $51.00

This summary was machine generated from LSEG data May 2 at 02:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)