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Telephone & Data Systems Inc Q3 Profit Falls

Telephone & Data Systems Inc (TDS) released earnings for third quarter that decreased from last year.

The company's profit totaled $18 million, or $0.15 per share. This compares with $46 million, or $0.41 per share, in last year's third quarter.

Analysts had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.5% to $1.32 billion from $1.30 billion last year.

Telephone & Data Systems Inc earnings at a glance:

-Earnings (Q3): $18 Mln. vs. $46 Mln. last year.
-EPS (Q3): $0.15 vs. $0.41 last year.
-Analysts Estimate: $0.24
-Revenue (Q3): $1.32 Bln vs. $1.30 Bln last year.

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