Telephone and Data Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Telephone and Data Systems Inc TDS.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of three analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -2 cents to 3 cents per share.

• Revenue fell 4.2% to $1.19 billion from a year ago; analysts expected $1.18 billion.

• Telephone and Data Systems Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $5 million.

• Telephone and Data Systems Inc shares had risen by 8.9% this quarter and gained 13.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 633.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 "buy."

• Wall Street's median 12-month price target for Telephone and Data Systems Inc is $49.00, about 20.9% above its last closing price of $38.75

This summary was machine generated from LSEG data August 11 at 02:31 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)