Thursday, Telephone and Data Systems Inc. (TDS) said its third-quarter net income attributable to TDS dipped to $35.6 million or $0.33 per share from $101.2 million or $0.87 per share in the prior year period. On average, 5 analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share for the quarter.
Operating revenues for the quarter were $1.25 billion, down 4% from $1.30 billion in the comparable quarter one year ago. Analysts estimated revenues of $1.25 billion for the quarter.
Looking ahead to the full year 2009, U.S. Cellular expects service revenue in the range of $3.90 billion - $3.95 billion and TDS Telecom expects full year operating revenue in the range of $775 million - 800 million. Analysts are looking for revenues of $4.98 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.