Telephone and Data Systems Inc. (TDS) reported that its first-quarter net income available to common shareholders $1.41 million or $0.01 per share, down from $52.24 million or $0.48 per share in the year ago quarter.
Operating revenues were $1.309 billion for the first quarter of 2013, versus $1.306 billion for the comparable period one year ago.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share on revenues of $1.29 billion for the quarter. Analysts' estimates typically exclude special items.
TDS now expects 2013 adjusted operating revenues to be in the range of $4.515 billion - $4.685 billion, compared to prior estimate of $4.66 billion to $4.83 billion.
Analysts expect the company to report revenues of $5.02 billion for fiscal 2013.
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