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Stock impact report

TDS Posts Lower 4Q Revenue, Dragged Down by US Cellular Softness [MarketWatch]

Telephone and Data Systems, Inc. Common Shares (TDS) 
Last telephone and data systems, inc. common shares earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/telephone
Company Research Source: MarketWatch
Cellular, its wireless business that is exploring strategic alternatives. TDS, a legacy telecommunications company, reported a fourth-quarter loss of $523 million, or $4.64 a share, compared with a loss of $43 million, or 38 cents a share, in the same period a year earlier. Advertisement Stripping out a $547 million non-cash charge related to goodwill impairment recorded at TDS Telecom, the loss was 11 cents a share. Analysts surveyed by FactSet expected a loss of 12 cents a share. TDS' operating revenue fell more than 3% to $1.31 billion, but topped the $1.28 billion that analysts expected. Revenue at U.S. Cellular fell 5% to $1 billion while TDS Telecom sales rose 2%. Advertisement U.S. Cellular was hurt by a loss of 50,000 postpaid subscribers during the quarter. The closely watched churn rate also rose to 1.44%. U.S. Cellular's postpaid average revenue per user rose 2%. The unit did cut costs and posted a quarterly operating profit of $21 million, compared with a yea Show less Read more
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