Telephone and Data Systems, Inc. (TDS) Friday reported net loss of $10 million or $0.09 per share for the first quarter, compared with net profit of $12 million or $0.10 per share in the same quarter a year ago, primarily impacted by decrease in revenue.
Operating income dropped to $35 million from $67 million in the prior year.
Revenue for the quarter declined to $1.154 billion from $1.262 billion in the previous year.
For the full year, the company continues to expect revenue in the range of $1.030 billion - $1.070 billion.
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